“Solar panels may create a negative impact on the U.S. economy.”
The solar industry employed around 50,000 Americans in 2009, which has now grown to over 100,000. At the third quarter of 2011, the U.S. solar energy market grew 140%, thus making it one of the fastest growing sectors in the economy.
“With solar panels, reselling my house would be harder”
According to researchers, homeowners consider energy costs an extremely important deciding factor when buying a home. Relying on energy from the sun, a homeowner is not subject to constantly rising utility prices, thus making solar panels a competitive advantage. The Department of Energy says that solar homes sell at up to twice the rate of their conventional counterparts.
Closely contoured to your roof, modern solar panels will give your home that sleek and sophisticated look Gone are the bulky, obtrusive-looking panels of the 1970’s.
“Solar doesn’t work when it’s cloudy.”
While solar panels operate most efficiently in direct sunlight, you don’t need to always have bright sunny days for solar to make sense.
FACT: Germany, which generally has a cold and cloudy climate, is the world leader in solar power, producing five times as much as the U.S.
“Solar panels are expensive.”
For years, people perceived solar panels to be an expensive luxury rather than a financially viable solution to a their energy needs. For years and years, solar panels have been very expensive; however; in recent years, the cost of installing solar panels has significantly dropped down. Plus, if you think about it, the money that you will be able to save from using solar power in the long run makes the investment worth it.
Solar power has gained popularity over the past two years so much, that installations of new panels and systems have outpaced the combined installs of the previous three decades.
According to the Solar Energy Industries Association (SEIA), the U.S. has set up more solar energy systems in the last 18 months compared to the number of systems they have set up the previous 30 years.
The year 2013 was particularly productive for solar developers as installations of new solar systems were up to 41% higher than 2012, resulting in 4,751 megawatts of energy.
Ten percent of all new electricity was generated from solar in 2012, which then went up to 29% in 2013.
Aside from natural gas, the alternative energy source is now the second-leading new source of electricity in the country.
In the previous year alone, there were 140,000 individual solar installations in the US, with a total market value of $13.7 billion. There are currently more than 445,000 solar systems in operation.
Of all the other states, California installed the most solar units in 2013. Half of their total installations ever added happened last year. Texas, which is number 8 in rank when it comes to solar additions in 2013, has enough solar potential to cover the world twice over.
The surge in solar power use has also lowered the price down on new systems, which now cost 15% less than original price in 2012.
Rapid customer adoption, grassroots support, improved financing terms, and public market success, according to SEIA, are factors that contribute to the success of solar power.