Are you planning to install solar power for your home?
The solar industry has seen dramatic growth in the past decade. This is due to solar power cost declining by almost 70%. As it becomes mainstream, people are beginning to harness the benefits of solar power.
Before you contact your solar company, check out these five first solar power facts.
1. Most Abundant and Free Energy Source
The most abundant renewable source of energy is solar power. In fact, 173,000 terawatts of solar energy hit Earth at a continuous rate.
Solar power is also free, making it the most affordable form of energy. The International Energy Agency (IEA) confirms that solar is now the cheapest form of electricity in history. The cost per megawatt to put up solar infrastructures is lower than fossil fuels for the first time.
2. U.S. Demand for Solar Is Growing Fast
In the United States, solar power is becoming more accessible to consumers. U.S. solar power capacity had jumped to an estimated 97.2 gigawatts (GW) today from 0.34 GW in 2008. This can provide power to 18 million average American homes.
Solar energy accounts for 43% of all new electricity generating capacity. This is the largest ever percentage of new generating capacity.
3. Solar Energy Growth Overtakes Coal
Statistics show that solar power has a remarkable growth. In the last decade, the average annual growth rate of solar power reached 42%. In 2018 alone, it produced more than 93 billion kWh.
In contrast, coal production was already hitting its peak in 2008. And the total mine production was only 1.2 billion tons. A decade after, coal represented only 16% of total electricity generation.
4. You Don’t Have to Install Solar Panels
Going solar doesn’t mean having to install solar panels at home. This 2021, a new concept called shared solar, or community solar, is getting attention.
The idea is to build a massive solar farm where hundreds or even thousands of homes can get their source of electricity. With this, solar power for homes becomes even more cost-efficient to users.
Are you interested in a home solar power installation in Idaho? Check out https://blueravensolar.com/idaho/ for their services. Blue Raven Solar has the best team of solar experts in Idaho.
5. Solar Panels Work Day and Night
During the day, solar panels produce electricity from the sun. How do they continue to generate electricity after sunset? The solution is net metering and solar battery storage.
These two energy solutions allow your solar energy system to supply electricity even at rest. Thus, users can be energy independent even at night.
Discover More Solar Power Facts
These are the five solar power facts you need to know today. Share these cool facts about solar power so people will discover solar energy as an efficient source of electricity.
If you want to know more about the history of solar panels, check out other blog posts. We have more great content for you to discover!