The popularity of solar panels for home and business continues to gain momentum. Advancements in solar technology, government incentives, community efforts and changing public opinion has brought a new awareness for this source of energy. The concern for global warming and diminishing environmental resources has increased people’s awareness about the need for solar panel technology.

Listed below are six thought-provoking facts about solar panels for home in 2018:

Fact 1: Solar Energy is Being Embraced Faster than Other Energy Sources

International Renewable Energy Agency (IRENA) states that solar powered technology is the fastest growing source in the entire world. From 2008 to present day, the world’s installed capacity to generate solar photovoltaic energy has jumped by more than 93,000 megawatts. The United States Energy Information Administration or EIA, states that in 2016 most American homes were able to generate approximately 10,766 kilowatt hours. China is at the forefront of solar energy. In 2015, it generated 39,737 gigawatt hours of solar power!

Fact 2: Solar Power Technology is not a New Invention

Experiments with solar energy were being conducted since the 1800s. The world’s first solar powered generator was put on display in 1878 in Paris at the Universal Exhibition. The inventor was Augustin Mouchot who displayed his solar-powered ice maker. Unfortunately, his wonderful invention received minimum praise because it was introduced at a time when the world was embracing the bounty of coal reserves. Many industries continued to build this technology. In fact, in 1979 the White House received the first set of solar panels.

Fact 3: Solar Power Can Be a Community Investment

Many homeowners are put off solar panels because of their initial high costs. However community solar projects are making this natural source available to everyone. Sometimes called solar gardens, these are solar powered plants which are maintained by a group. If you’re a homeowner who cannot afford a private installation or whose home cannot support a solar panel system, a community solar project is a worthy investment.
For period fees, you will receive a share of the generated power. You may receive this as either channelled power directly to your home or as credits on your monthly bill.

Fact 4: Solar Technology is Becoming more Affordable

According to statistics published by Deutsche Bank, solar photovoltaic energy became more cost-efficient in 2017 for nearly 80% of the world. Technological innovations make it possible to develop high quality inverters, panels and battery at affordable prices which further drives down installation costs. With government incentives like the Residential Renewable Energy Tax Credit and the Solar Renewable Energy Certificates, more citizens in the US are able to afford solar panels for home.

Fact 5: Solar Technology Employs More Americans than Other Energy

In 2017, the United States Energy and Employment Report posted many surprising facts related to employment in the solar panel industry.

- Solar electric generation plants provided employment for 43% of the total electric power workforce.
- Fossil fuel generating plants provided employment for only 22% of workforce.

The Bureau of Labor Statistics states that as demand for solar power increases, the need for engineers, scientists, researchers, installation and construction firms as well as manufacturers will continue to rise.

Fact 6: Solar Power Doesn’t Just Help Homes and Businesses

Solar energy is a reliable, flexible and safe source of power. In fact, NASA uses it to power its International Space Station. Emergency response organizations such as FEMA use solar generators when dealing with aftermaths left by storms, earthquakes and other similar natural disasters. Hospitals deploy solar power systems to keep important life support systems operational in case the main power gets compromised. Many municipalities are opting for traffic lights, street lamps and safety signals that are solar powered in order to reduce costs.

What does the future of energy consumption look like? According to the Union of Concerned
Scientists, in 2014 more than 480,000 American homes were powered by solar systems. If it continues to grow as expected, by 2020 more than 3.8 million homes will adopt this technology.

If you’re interested in solar panels for home, please visit OhSolarMio.