Solar energy has been growing in usage in the past years. Solar organizations have been tracking the trends of this growing industry and found promising levels of diversity in terms of sustained growth across the world. Given the type of solar installation NSW has to offer, it seems like these projections are up to a good start.
The following subtopics will provide statistics on this said growth specifically in the United States. Most of these statistics can easily be applied on solar installation NSW services. These trends are universal.
Growth Since the Year 2000
Massive growth trends started between 2013 to 2015. Just in the past ten years, there has been a recorded annual growth of 42 percent. This growth is closely associated with the solar investment tax credit. This affected the cost by lowering it significantly and increased the demand. Just in the United States, there’s enough energy produced by photovoltaic devices that could power 18.6 million homes. Solar installation NSW products make this possible for everyone else.
There’s also been an estimated 230,000 more people working in this industry. This means that solar energy is not only good for the environment, it’s also great for the economy. In 2019 alone, the solar industry has produced an approximated 25 million dollars as private investment. This positively affects solar panel installation Sydney industries.
Growth Led By Falling Production Costs
One of the main factors of decreasing solar panel installation Sydney prices are the decreasing costs. Just like most countries, solar panel installation Sydney production costs have dropped more than 70 percent in the last decade. This level of drop birthed new companies and industries. Solar panel installation Sydney prices are at their lowest since 2020 in the history of the market.
The decreasing production cost has also affected the diversity of this industry’s market. Solar installers Sydney services are in demand by both businesses and households. Lower production costs means lower prices and this gives normal people the chance to avail in this rising source of energy.
Benefits of Solar Energy
A study has found that once we effectively absorb the energy of the sun, a day’s worth can power the whole world’s energy needs for a year. This means that although the sun is not an eternal source of power, it has more than enough energy to solve the world’s energy crisis. Solar installers Sydney services make this possible for businessmen and laymen alike.
The world’s climate condition today has grown more and more dire. It’s important that we take part in the solution. Solar energy is one of the most environmentally friendly sources of electricity and does not negatively impact the planet.
The author is a blogger and a solar panel installer working in one of the best solar companies. Along with a team of professionals, he provides high-quality solar panels in Sydney. Visit https://www.solarpathnsw.com.au/ for more details.