The bottom line is this: the energy industry, and where we get our energy from, is changing, and with it, costs are rising. As coal continues its decline as an energy source, followed by other fossil fuels, residential solar continues to make a lot of sense for homeowners.
"The energy makeup of the West is changing fast. There is no doubt that coal is going away and it’s unlikely anything will stop that."
Electricity rates already rise at around a 5% annual increase. What if you could lock in the cost of your power with a clean, green renewable resource: the sun?
Learn more about the changing energy market via this article from KGW News.
Premier Solar NW's mission is to provide sustainable, affordable energy to as many homes and businesses as possible in the PNW. Read more about our philosphy here.
The cost of solar panels are at their cheapest yet in 2020, but where should we be utilizing this technology? Rooftops are great but can be constricting, and ground mounted solar could interfere with agriculture. The solar of the future may be draped across highways and waterways via canopies.
"A major advantage of this design is the ability to string cables over a longer distance without the support needed in traditional racking approaches. They’re also kind of pretty because of the natural catenary curve the cabling system provides."
Read more via this article by Tam Hunt for PV Magazine.
Renewables are on-trend to become even cheaper in the next few years, as the coronavirus continues to hurt the fossil fuel industry. Energy storage costs, one of the next big hurdles for the industry, continue to drop as well. Read more from Forbes, here.
While gas prices dip and fossil fuels struggle, the solar and wind energy industries continue to grow, despite setbacks from the current coronavirus pandemic.
"In fact, renewable energy sources are set to account for nearly 21 percent of the electricity the United States uses for the first time this year, up from about 18 percent last year and 10 percent in 2010, according to one forecast published last week."
As the situation changes on a daily basis, it's hard to tell how exactly the current crisis will impact the industry, but solar companies are ready to weather the storm. More from Ivan Penn with The New York Times.
In Australia, there has been a reported 400% increase in inquiries around solar energy for residential homes in response to the COVID-19 crisis. Solar energy has already been growing at a more rapid pace in Australia as compared to the United States, with 15% of Australian homes sporting solar compared to only 1.6% in the United States. However, with a scarcity mindset inspired by the current pandemic and a recent increase in reported cases in the United States, solar inquiries could likely increase in the US as well.
Read more about how COVID-19 is impacting the solar industry in the United States from this article by Popular Mechanics.
Sending our thoughts out to our customers during this chaotic time! This isn't easy for anyone, and our hearts go out to our families, friends, and our community.
During times of crisis, it is easy to feel anxious about what you cannot control. The good news is that we've got tips on how to take back control of your power bill and lock in the cost of your power for years to come. This article by Solar Power Rocks explains what considering solar during the coronavirus might look like.
Wind and solar plants will soon be cheaper than coal in all big markets around world, analysis finds
In Australia, the cost of renewable energy is dropping- and it's becoming cheaper than coal. This is a big deal in Australia, which is "the world’s second-largest thermal coal exporter after Indonesia". This story is similar in China and South Korea, as well as many other countries around the world, even with some governments subsidizing the costs of coal compared to wind and solar.
Read more about the exciting financial future of renewable energy by this article from The Guardian.
Fact: the cost of solar panels has dropped by 80% since 2008. Solar is one of the cheapest forms of electricity- especially with rising power rates from electricity providers. Solar can help you lock in the cost of your power for the next 25+ years!
Learn more about the dropping cost of solar via the World Wildlife Foundation by clicking here.
"Agrivoltaics" is the newest exciting trend in the renewable energy industry- the combination of agriculture and solar photovoltaics. This innovative cultivation of land for joint uses could mean that solar does not have to come at the price of less land for farming- in fact, renewable energy technology could actually enhance the process.
Learn about how the Kominek family farm in Northern Colorado is taking advantage of this novel idea in this article from Wired Magazine.
"Today, the price of solar energy is cheaper even than coal - traditionally the cheapest form of energy out there." The price of solar is a huge indicator that renewable energy is on track to be one of the greatest sources of electricity worldwide. Listen to this report by NPR's Planet Money to learn more.