Solar energy and administration regulations

Global warming is killing thousands of people around the world, and many of these deaths happen in developing countries. Pollution is causing premature deaths, respiratory illnesses, and other conditions. Man is burning fossil fuels still at an alarming rate despite all the information that is available regarding the planetary damage they do. The exclusive solution is renewable energy since fossil fuels will last only another fifty years. This is a major reason solar power is experiencing a breathtaking global surge. In 2017, countries around the world installed almost 100 gigawatts worth of solar capacity. Investors poured over $160 billion into solar projects, more than any other energy source. In addition, the price of solar power fell to unheard of lows around the world. In Mexico, Chile, and Saudi Arabia, the price of solar energy fell to around two cents per kilowatt-hour, less than half that of energy from coal or natural gas sources.

Germany and China are two of the leaders in solar power

It takes government support to make solar more widespread for the masses. Supportive government policies have helped the boom in solar energy. Developed countries such as Germany invested in the early scale-up of the solar industry in the 2000s. Then China spent billions on its domestic solar producers, creating an unrivaled manufacturing industry, and set decrees for the deployment of solar panels, making it the world’s largest solar market today. It makes environmental and economic sense to continue with more of the identical policy. Solar power is no longer a cottage industry, and the government policies that it will require to thrive over the coming decades could be very different from those that energized its growth. Harnessing the sun’s energy is obviously the best way to combat climate change and deliver affordable energy to rapidly growing economies around the globe

Solar power will need much more investment

Every hour, the sun imparts more energy to earth than the world uses in an entire year. But today, solar energy only provides about two percent of global electricity and meets less than one percent of total global energy requirements. The solar industry will have to beat difficult barriers to displace fossil fuels as a primary source of energy. Those barriers — including a shortage of investment, passive solar technology, and the inability of power grids to handle large amounts of renewable power — could cause the industry’s surge to dip, ending a promising transition to cleaner energy.

Education is necessary to inform people about advances that make renewable energy sources a viable opportunity for individuals and businesses. In terms of environmental impact, solar power is a dramatically cleaner and more efficient form of energy than fossil fuels. Coal and natural gas have the advantage in current availability. But solar is catching on quickly and will be the dominant form of energy in the next decades. The most accurate way to compare solar to fossil fuels is by cost, where solar has quickly caught up with its dirty counterparts.

Renewable power is changing the energy business. Although the conventional wisdom tells us that solar power, battery technology, and smart grids are distant in the future, we are only a breakthrough or two away from a new age of decentralized power technology. While none of us can predict the future, and technological breakthroughs cannot be assumed, the risk of nuclear power is not difficult to predict.

Solar power is here to stay, and the sooner you explore how much you can save, the sooner you can enjoy the benefits of residential solar power.

Please visit our solar blog to find out more about the benefits of going solar.

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