The Future of Solar Energy
The continuous price increase and demand for electricity will make solar energy as one of the most important clean energy for the future because it offers stable, renewable and realistic solution to our current energy problem.
The world has seen a significant growth in the solar energy demands for the year 2012 and this increase is expected to continue in the coming years. Here are some facts about solar energy that you need to know.
Currently, German is the leader in solar energy usage in the world. They have set an excellent example in using clean renewable energy. Residential, industrial and other private sectors are working together to achieve the goal of better planet Earth.
Cost reduction is the main reason why this industry is experiencing a breakthrough in sales. Cheaper photovoltaic materials means better price for end users. Cheaper cost will likely to attract more potential users in the future.
Moreover, the mass production from China makes the prices drop even more causing some companies to close. The combination of cheaper prices and production boom in China will increase the demand for solar panels installation up to 30%.
Solar energy is also considered as accessible because it can be generated anywhere making it easier compared to the long distance transmission of electricity.
Funding, subsidies and other programs offered by the government aims to help promote solar energy because whether you like it or now, the world is slowly adapting to solar energy in our homes and offices.
The European Union has set their goal to supply 20% of electricity through solar energy in the year 2020. President Barack Obama has allocated a significant amount of money to invest in the country’s alternative energy.
Solar energy has a very promising future and as the supply of non-renewable energy run out, people will eventually shift to solar energy.
Last updated: May 13th 2013
