This is an incredibly exciting time for the solar industry as we continue to surpass major milestones. Last year, was the strongest year ever for the industry and they’ve celebrated over one million installations. With incentives, lower monthly energy bills and excellent financing options, powering your home with solar energy has never made more sense. Hudson Solar is a New York–based, family-owned business serving upstate New York. They design and install systems for residential, commercial, agricultural and municipal/non-profit organizations.
With more reasons than ever to go solar here are a few that I thought were worth mentioning:
1, Solar is now the cheapest and most abundant energy resource in the world.
The average monthly price of solar PV modules decreased from 79¢ per peak watt in January 2017 to 52¢ per peak watt in June 2017.Lower solar panel costs contribute to a lower total cost and quicker return on investment (ROI) for solar power plants. In many states across America, and around the globe, solar power has become the cheapest source of new energy, giving electric utility companies and governments a huge reason to ditch coal and gas for a cleaner, renewable source (sunshine).
2. Over a million solar systems have been installed in the U.S. alone.
In early 2016, the millionth solar system was installed in the U.S., notching a milestone that took 40 years for the photovoltaic industry to reach. However, the more notable story that came with this achievement is the forecasted timeline for the next million installations, which is expected to happen in the next two years. This comparison is a meaningful illustration of solar’s rapid pace as the fastest growing energy resource in the world.
3. Homeowners in the U.S, have achieved the breakeven point with solar in as short as three years.
The cost of solar has plummeted while the cost of grid electricity has continued to rise and the concept of the solar “break even point” has become more and more attractive. In 2017 most homeowners are seeing payback periods between five and eight ears and 20-year savings estimates upwards of $20,000. Some homeowners are seeing breakeven points as low as three and four years in states where utility prices are high like our home state of New York.
4. Airplanes can fly around the world while running entirely on solar energy.
Though many may be aware that solar energy can power trains, cars and even space stations, the skeptics were out when Bernard Piccard decided to fly a solar powered plane around the world with no additional power source than the sun. In early 2016 the Swiss pilot and professional explorer departed from Dhabi in an aircraft known as the Solar Impulse II making his much awaited worldwide return in July. The global flight offered numerous photo opportunities and made a statement around the world about the boundless potential of solar energy.
Overall these fun facts offer multiple angles on solar’s growth in the recent decade and the way it has become a legitimate competitor of fossil fuel resources in 2017. If your considering a solar system in the near future be sure to talk with Hudson Solar. They will be at the Times Union Home Expo this year located in the Albany Capital Center at 55 Eagle St. Albany NY, February 9-11, 2018. Their booth is located on the first floor booth 117. Look for the bright colors and smiling faces.
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