4 Reasons Why Solar Is the Fastest-Growing Energy Source in The U.S.
In the year 2021, solar energy consisted of over 20% of generated electricity in America. It seemed like not too long ago that you would only find solar panels on a select few homes in the neighborhood. So, what has caused solar energy to become rapidly popular in the past couple of years? Solar Bear Dallas is here with the main reasons why solar is the fastest-growing energy source in the US.
Solar Setups Are Becoming More Affordable
One of the main reasons why homeowners didn’t consider buying solar panels just a few years ago was due to the high cost. In 2010, solar energy was roughly $7.50 per watt for residential use. Just last year in 2021, the price of residential solar energy was as low as $2.60 per watt! This significant drop in price allowed solar panels to become accessible to a greater range of homeowners, which is one of the main reasons for their popularity in the United States today. As we continue moving forward into an eco-friendlier future, the affordability of solar panels will likely increase, meaning that even more people will use solar.
There Are Many Incentives for Going Solar
Many companies and government organizations want to make a push for solar because it’s better for both the environment and the economy. In order to encourage more homes to equip solar panel setups, they are offering an array of incentives to help you save money on the cost of installation. The most popular and rewarding incentive is the solar Investment Tax Credit (ITC), which can cover up to 30% of your solar installation cost. This is provided on a federal scale, and as such, is available to many Americans.
The Demand for Clean Electricity Is Rising
After many decades of using fossil fuels, the consequences are finally starting to catch up to us. Coal, petroleum, and other natural gasses come in a finite supply that could run out as soon as 2060. Since we are starting to see the end of traditional gas, many individuals are beginning to prepare for the inevitable by purchasing vehicles and appliances that run on alternative energy such as solar.
Solar Energy Combats Increasing Utility Costs
In areas with hot climates such as Florida, California, and Texas, the cost of utility bills is at an all-time high. It’s nearly impossible not to use so much electricity when faced with triple-digit weather, but solar energy can help make up for that extra energy usage. On average, solar panel owners see energy savings of around 40-80% a month even with a smaller customized setup.
Get a Head Start on Solar Energy With Solar Bear Dallas!
It is now easier than ever for Texans to take part in the nationwide transition to clean solar energy for a brighter future. Solar Bear Dallas offers affordable pricing and flexible financing options so you can equip your home with renewable energy to last a lifetime. Call us today at (727) 471-7442 for a free estimate!