In the past few years, the Covid pandemic has derailed many industries by slowing down production. However, the solar industry has been one of the few that has not only managed to survive but to thrive as well. With the pandemic seemingly winding down, what can we expect with solar in 2022?
From falling costs and better incentives to more advanced tech, here is what’s in store for the solar industry this year.
Solar Systems Will Become More Affordable
As is the case with most developing technology, the cost of solar panels will continue to fall with time. More and more people are going solar, which drives the prices down. Lower prices then lead to even more new users, which helps the cycle repeat.
As a result, you can expect the most affordable offers to date. Companies will adjust their pricing to the new market circumstances, meaning that providers will try to outdo each other in offering the best bargain. This power struggle can benefit potential users, as it will make getting solar panels easier than ever.
Solar Technology Will Improve
Early solar tech wasn’t nearly as durable as the one that companies offer today. The continued market demands have made manufacturers step up, and this trend will only continue throughout the year.
Generally speaking, improving the durability of solar systems is a big incentive for ordinary people. But the tech changes expected in 2022 (such as the introduction of heterojunction technology) will make solar panels much more desirable to big corporations. These changes may stimulate more companies to go solar and take a stand against climate change.
More Government Subsidies
Governments all around the world are becoming increasingly aware of how dire the climate situation is. In efforts to help slow down global warming, many of them offer subsidies on solar panels that make buying them easier.
With the Clean Energy Act for America gaining traction in Congress, you can expect that the number of these subsidies will only carry on growing. Thus, besides lowered costs, people will be able to get solar panels even more effortlessly with the help of their governments.
As the demand for solar panels grows, so does the need for professionals who can install, maintain, and repair them. So, the surge in solar users will cause a growth in job openings in solar companies all over the country. Besides technicians who will go in the field, companies will need a wide range of other personnel as well. That includes everyone from customer support staff to IT pros.
Increased Interest in Other Solar Products
So far, solar panels have been the driving force of the entire industry. However, this trend will change in 2022, at least slightly. Apart from panels, there is growing interest in solar lighting and solar electric vehicle chargers.
In the following months, the demand for these products may only continue to rise. For example, it is expected that the number of people using solar electric vehicle chargers will increase by 19%. As it does, the solar industry will broaden its partnership with electric car manufacturers and companies from other industries as well.\
To Sum Up
The solar industry has truly come a long way over the decades. As 2022 slowly ticks by, the trends that were prominent in the previous years will only continue to grow and gain traction.
Throughout the year, you can expect solar system prices to fall even further and for solar incentives to become even higher. In addition, the whole industry will expand as the demand for panels and other products grows. That can, in turn, lead to more jobs and even more durable tech.
Whether you are a homeowner looking to lower utility bills or a business wanting to reduce its carbon footprint, one thing is for sure. Saying no to going solar, in 2022, will be quite difficult.