Solar Industry Trends in 2021
The popularity of solar is increasing exponentially with each passing year. Solar is quickly emerging as one of the most reliable methods of alternative energy, so it makes sense to switch to solar power.
Unlike fossil fuels that are finite, solar energy is a renewable free source of energy. It is a non-polluting source of energy and does not emit any greenhouse gases. If your inflated power bills are giving you sleepless nights, switch to solar to keep your wallet happy and grant yourself peace of mind.
Whether you are planning a residential solar panel installation in Vacaville or are already using a solar panel system, you need to remain aware of new developments in the solar industry. Keeping yourself educated and looking for ways to improve the efficiency of your home electric system are important when trying to maximize the benefits of solar.
With this in mind, let's take a look at some solar industry trends developing in 2021.
The Demand for Energy Storage Will Rise
Solar energy can be produced only when the sun shines. To ensure homeowners are not left high and dry when they do not get enough sunlight, installation experts install solar panels and batteries for energy storage.
It is expected that extreme weather events are likely to become more common in the future. As the frequency and intensity of these events increase, the solar industry will witness a rise in demand for batteries and additional storage.
In 2019, the House of Representatives issued a clean energy package, which includes an extension of the investment tax credit and more incentives for power storage. As the demand for solar energy storage rises, we can expect the federal and state governments to introduce more incentives.
Solar Power Will Become More Affordable
Both the federal and state governments have come up with incentives to encourage homeowners to switch to solar. As a result, the cost of switching to solar has decreased substantially over the years.
In the U.S., the federal government-backed Solar Tax Credit program allows homeowners to deduct 26 percent of the cost of installing a solar power system in 2021. The state of California passed a rule that states every new home constructed must have solar panels. As technology advances and governments come up with more incentives, the cost of going solar will decrease.
Expanded Adoption of Micro-Inverter Technology
Micro-inverters convert direct current from photovoltaic systems into AC (alternating current).
There are many benefits to this technology. Micro-inverters are easy to install and the distributed current is safer. New micro-inverters can support thin-film units and they have tremendous potential. We expect micro-inverter technology to become more mainstream in 2021.
Want to start a solar installation project but don’t know where to start? Cozy Home Services can help. We’re residential solar energy installation experts in Vacaville with years of experience to back up our service. To discuss your project with one of our installation experts, call (707) 474-5097.