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FORECAST
20 The already well-known benefits of using solar
energy is already showing promising prospects of
action at least in well developed countries.
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Utility Data from the annual SEIA Solar Means report indicate that US
Non-Residential companies are investing at an incredible rate in solar and
renewable energy. In 2018, the leading solar companies in the
Residential United States have constructed over 7,000 MW of power in over
35,000 different plants across the world.
SOURCES:
https://www.seia.org/sites/default/files/inline-images/SIDP-2019Q2-Fig11-Forecast.gif
https://www.ifc.org/wps/wcm/connect/news_ext_content/ifc_external_corporate_site/news+and+events/news/solar-field-
panels-is-brightening-vietnam-future
https://electrek.co/2018/10/25/tesla-solar-roof-volume-production-delayed-next-year/
Solar Energy: Benefits to the World
More and more houses are turning
to green, sustainable sources of electricity
as the prices of renewable energy continue
to fall. Residential application of solar
energy is among the most affordable and
plentiful. In 2018, 1Solar, a Utah-based
U.S company obtained $17 billion worth Fig. 1 Tesla Solar Roof
of U.S. industry investment according to the Solard Energy Industries Association. This is due to
the obvious environmental benefits but also to the economic advantages of preferring solar
power over the usual sources coming of coal-based power plants. Here are some of them.
Home solar panels can offset your expense if you face increasing home energy expenses.
Even on cloudy days, savings will improve because the sun release power through bright, cloudy
skies. Solar provides productivity and sustainability throughout the year, even in rainy and
colder climates. In reality, some solar panels even produce more electricity than your home
absorbs depending on their volume, efficiency or orientation with regard to the sun. This might
drop your electric bill down to zero each month. In some areas, if your home solar power system
produces excess energy, you may actually qualify for a rebate.