Counteracting pollution with solar power

The advent of solar power generation comes at an important time in human history. Pollution and climate change are motivating scientists to discover ways for the world to generate power in a non-polluting form. For years, solar was too expensive to be a viable energy solution for most individuals. But now, solar energy is cheaper than traditional fossil fuels.

Prices of solar and wind power diminishing

Solar and wind power is now either the same price or cheaper than new fossil fuel capacity in more than 30 countries, according to a new report from the World Economic Forum. The influential foundation has described the change as a "tipping point" that could make fighting climate change into a profitable form of business for energy companies.
However, investors and energy firms are still failing to invest money into such green solutions despite the fact that they are cheaper than more traditional forms of electricity generation.

“Renewable energy has reached a tipping point – it now constitutes the best chance to reverse global warming,” said Michael Drexler, Head of Long Term Investing, Infrastructure and Development at the World Economic Forum. “Solar and wind have just become very competitive, and costs continue to fall. It is not only a commercially viable option but an outright compelling investment opportunity with long-term, stable, inflation-protected returns.”

More solar and wind power construction projects

Just ten years ago, generating electricity through solar cost about $600 per MWh, and it cost only $100 to generate the same amount of power through coal and natural gas. But the price of renewable sources of power plunged quickly – today it only costs around $100 the generate the same amount of electricity through solar and $50 through the wind. The inexpensive price of solar and wind energy is already encouraging companies to build more plants to harvest it. The US is adding about 125 solar panels every minute, according to the Solar Energy Industry Association and investment in renewables in 2015 rose to $286 billion, up 5 percent from the year before. However, the investment isn't enough to counteract the catastrophic effects of global warming. The worldwide investment is only 25 percent of the $1 trillion goal set in the landmark Paris climate change accord, and because of political problems with investments, it can't be hard to convince companies to put their cash into green power.

There has never been a better time to install a solar energy system!

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years. 

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.