The Future of Commercial Solar
Technological advances are occurring faster than ever and changing the world at a record pace. Keeping up with these changes and advances is the only way to ensure that you and your business will not be left behind, regardless of your industry. For example, solar power is changing the way the world is powered. This new, environmentally friendly power source is making significant changes in how commercial properties are getting the electricity they need to function, how tenants view properties, how consumers view the businesses they frequent, and the overall health of our planet.
Solar Group’s team is proud to lead the charge into a greener and healthier future for everyone on the planet with commercial solar power systems to save money, reduce emissions, and promote sustainability that can never be achieved with other power sources. Our experts are excited to meet with potential clients to discuss the trends and growth on the horizon for the solar community and the world. Please reach out to our staff today to learn more about joining this advance and enjoying the benefits
Exponential Increase in Installations
Commercial solar is growing at an exceptional rate. In some quarters, the increase has been in excess of 40% since the beginning of 2021. This constant growth offers many benefits to consumers and the planet. However, the most exciting information for every person on the planet is that solar energy has continued to outpace the growth of fossil fuel power in terms of the number of installations and the size of the installations each year. This progress will help restore our planet’s health and provide an endless resource to power the future.
Growth Brings Price Decreases
As with any new technology, the more popular it becomes, and the longer it is used, the more cost-effective it is for the average consumer. Decades ago, the cost of a cellular phone was far out of the average person’s budget. However, decades later, 95% of all Americans have a cellphone for daily use. Solar is very similar and is now within the budget of the average homeowner or commercial property owner. Records show that the cost to install a solar project has decreased by roughly 70% since 2010, thanks to the growth within the industry. Imagine the benefits to the planet and humanity if 95% of all properties were using solar energy in 15 years.
Better Solar Products
Another benefit of the increased growth in the solar industry is the increase in equipment efficiency. In the last 18 to 24 months, the production of energy by solar panels has increased by about 5%. While that sounds minimal, it is a critical step in decreasing the ROI of the average solar installation from nearly two years to only about a year and a half. This increase in panel efficiency also translates to high power ratings to serve large commercial properties. It now requires fewer panels to provide power to a large commercial property than it would have taken just a year or two ago, making the project more cost-effective for the owner.
More Households Supported by the Solar Industry
As the solar industry grows, so does the number of families it supports and the communities that are seeing the influx in revenue. In 2020, the solar industry provided about 230,000 jobs. Over the next decade, that number is expected to triple and reach nearly a quarter of a million people employed in the solar power industry. These jobs are right here in our country, helping friends and neighbors realize their dreams and making their communities stronger and more sustainable.
Please contact the solar experts at Solar Group to discuss how you and your business can grow with the solar industry.
