In the past 5 years, solar power growth has been exponential. In the midst of a recession, no less. As people look for ways to save money and live in a more environmentally sensitive manner, renewable energy options like solar panels are being considered more often.
Just a decade ago, solar panels on rooftops of homes were a rare sight. These days, you can probably see solar power growth throughout your town, if not in your very own neighborhood. You might even be considering installing solar panels yourself. And why not? With generous governmental rebates and incentives, you can save up to 80% on the upfront cost of solar panels and then immediately slash monthly power bills. Your home value will increase, as well, by $20 for every $1 saved in electricity bills annually.
One of the biggest factors fueling solar power growth is the increase in fossil fuel prices for gasoline and oil. Many experts agree that we are approaching grid parity, at which it is not any more expensive to go solar than to use traditional electricity power sources.
With solar technology improving each and every day, some experts say that getting on board with solar power is critical now, or you will risk being left behind. Today’s solar panels will still generate ample solar electricity, even if efficiency improves in the near future. Even better, the power is cleaner and cheaper than the alternative!