Solar panels, if utilized on just 0.6% of the total land area of the United States alone, would generate sufficient electricity to power the entire country. This statistic speaks for the energy efficiency of these panels – which can be more technically label as PV (photovoltaic) panels. Not only is solar energy efficient, but it is also a renewable resource and environmentally friendly.
The Benefits Of The Solar Panel
The installation of more solar systems (by a solar panel company, not referring to the Solar System in which our planet resides) would reduce our reliance on fossil fuels. Not only are fossil fuels nonrenewable resources – meaning that they will eventually run out – they also produce air pollutants that negatively impact our environmental, and consequently the health of humanity.
As a result of these reductions in pollutants – such as carbon monoxide, nitrogen oxides, ozone gases, VOCs (volatile organic compounds), sulfur dioxide, mercury, and lead – we will slow the rate of climate change. The health of planet directly benefits from solar installation.
The Growth Of The Solar Sector
The installation of energy systems via solar panel company has grown from an initial 1.2 GW (gigawatts) in 2008 to approximately 30 GW today. These systems hold the capability to power 5.7 million of the average home in the U.S.
The country’s solar panel market had been projected to reach a value of $4.7 billion by 2016. And then in solely 2-17, the solar market on a global scale grew by 29.3%. Nations across the world installed a total new capacity of 98.9 GW.
Moreover, since November 2010, the job market regarding the solar sector saw increases of approximately 123% – setting the current count of solar industry workers at 209,000 within the U.S. alone.
All this growth may have been helped by the reduction in PV panel cost by over 60% since 2010, along with the cost reduction of solar energy systems by 50%. The work done by any solar panel company became more cost effective, and as a result, on top of the environmental and energy efficiency benefits, the cost benefits made installation a much more attractive and viable option.