The winds for Solar Energy are shifting

The winds for Solar Energy are shifting

Wednesday, 21 October 2015: Just a week ago, EnergySage released its first inaugural U.S. Solar Marketplace Intel Report™ which according to them, “provides a one-of-a-kind visibility into the residential and small-scale commercial solar market in the United States, based on statistically valid transaction-level data.” The data acquired was synthesized and interpreted to reveal “consumer buying behavior, hardware manufacturer and solar financier market share statistics, the return on solar investment and more for the period of July 2014 through June 2015,” added EnergySage. The main findings of this report as listed out below are promising for the sustainability and continuity of the solar industry in the future amidst all the chaos and uncertainty happening in the UK.

  • Solar installation costs are falling steadily with an average gross cost of $3.79/watt.
  • Online solar shoppers are buying their solar PV systems outright instead of leasing.
  • Solar energy is meeting the bulk of energy requirements for homeowners at 85% electricity generation in 2015.
  • Increase in the number of solar equipment manufacturers & financing companies.
  • Installers are not committed to a specific panel or inverter brand – more diversification and job opportunities.
With all of this in mind, there are also comparisons on the web stating how far (and how cheap) solar panels have come and it is now also cheaper to convert your home into a solar-dependent-residence than it is to buy a car! All of these findings are definitely very promising and since it is possible in the US, it is definitely possible for us to achieve such a state in Malaysia as well albeit taking a little more time and effort by the government and also the rakyat to adopt a greener mindset & lifestyle. Click here if you’d like to downlaod the full EnergySage report.

 

Source(s): EnergySage, UCR Today


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