Do you use the sun’s free energy to power your home, heat your swimming pool, or run your electronic devices? Then chances are you are eager to find out about the latest developments in the solar industry. Here is a brief overview of what solar will look like in 2017:
According to the Solar Energy Industries Association report, there were one million solar installations in the US in Q1 of 2016. Although solar is yet to go mainstream, the adoption rate so far has been very inspiring. In this year’s August election, an overwhelming 73 percent of Florida residents voted YES for Amendment 4 which would bring in tax benefits to homeowners and businesses that embrace solar power. Taking a cue from these developments, experts predict that the global solar market will benefit especially from the growth of solar usage in America’s domestic sector.
The 2016 solar growth trends will continue to drive impetus in 2017. Based on a report published in the International Business Times, the present indicators show a 116 percent growth rate before the end of 2016. Private solar firms will benefit from the solar boom, especially in the residential market of America. In other words, these solar firms will have a strong foothold in the US economy and continue to supply diverse solar products for homeowners.
Solar panel material and system hardware costs will plummet drastically in the coming year. The rising demand for photovoltaic (PV) systems in the recent years has been possible because of the decreasing costs of related equipment such as panel componentry, inverters, cable housing products, and wiring.
Solar is a global industry and it is booming. The demand for PV systems will continue to rise in 2017 and beyond. So, if you want to install rooftop solar panels and other products, contact us now.