The future of solar energy looks great. In a nut shell, it’s because solar promotes long-term sustainability. This is a big plus for homeowners who are looking to make smart investments that deliver.
Moreover, greener energy dominates as a bigger shift from coal, oil, and fossil fuels arises. Researchers are constantly pushing for this promising future of solar energy, and the predictions of solar’s success are abundant.
What is the future of solar energy?
- Renewable energy predictions
The International Energy Agency predicts that solar power will contribute more than a third of our energy supply in 2060. That year seems far, but an overall 13% of the population will use renewable energy by 2035, adds IEA. Interestingly enough, natural gases and coal usage will grow by 25% toward the end of 2035. This additional prediction by IEA implies that the conversion to solar will be tough. However, solar systems draw from the sun for free, making the future of solar energy more accessible than finite resources. Homeowners are learning that solar is beneficial in the long run.
Furthermore, the European Renewable Energy Council asserts that their countries will completely convert to solar power by 2050. A Stanford research team agrees with EREC, but instead emphasizes that 139 countries in the world will take advantage of renewable energy by that same year.
Because the hypothesis depends on modern energy production plants embracing renewable energy systems by 2030, skeptics state that this prediction is unlikely because it requires obsoleting the fossil fuel industry. Considering that millions of deaths from air pollution occur annually, removing unhealthy factors from the environment would be a smart move.
For many homeowners, the benefits of a cleaner world are outstanding reasons to go solar.
How does solar energy efficiency play a role?
- Solar power systems provide advantages
On the technical side, solar energy systems offer three apparent advantages. First, there are no moving parts required to harness the power, effectively reducing maintenance and operation costs to a very low price. Second, the fact that solar cells do not need fuel means no fuel costs. Third, solar energy does not produce greenhouse gases, nor does it produce air or water pollution. Solar energy is already experiencing a higher demand year after year, and these notable advantages speed up solar’s forthcoming prominence.
- Predicting low solar energy cost
The Institute of Electrical and Electronic Engineers says solar energy will be more affordable than fossil fuels within the next ten years. When the solar industry improves solar cell efficiency and creates economies of scale, the price of solar power will decrease compared to other energy sources. Sure enough, in 2018 solar panels cost less than ever before, and will only become more affordable for homeowners in the future.