Solar power has become one of the most reliable and cleanest sources of renewable energy in the world. As a result, over 46% of US citizens are looking to switch to solar energy, making it a popular alternative to fossil fuels. But as the next year is right around the corner, there’s one question on everybody’s mind — what does solar look like in 2022? That’s why we’ve put together a few predictions for the coming year and the future of solar as a whole.
Solar Panels Will Become More Accessible
Ever since their creation, solar panels have been quite expensive. As a matter of fact, a lot of people have been struggling financially to embrace this new technology. Fortunately, as more and more people convert to solar power, the cost of the necessary equipment will slowly drop. According to research, the price of solar energy systems will decrease by at least 25% in 2022. What’s even better is that it will continue to do so by an average of 4.4% every passing year. Therefore, it will be much easier for the average US household to have its own solar energy setup in 2022.
Solar Energy Tax Credit Will Continue
The Solar Tax Credit is a government program that helps homeowners switch to solar by providing a 26% tax credit. Simply put, households who have installed solar panels have access to rebates on specific taxes revolving around energy. And while the program should have ended recently, the government has extended its duration all the way into 2024. As a result, US citizens will be able to benefit from tax credits for years to come just by installing solar energy systems in their homes. So, it’s safe to say that the number of solar-powered homes will only continue to increase.
Solar Power Will Promote New Jobs
As solar power becomes more popular, the number of jobs related to the installation and sale of solar equipment will also grow. In fact, according to the US Bureau of Labor Statistics, solar panel installer jobs are seeing a growth in both sustainability and availability. To put things into perspective, the growth rate is a steady 52%, which is faster than the national average. Not only that but the growth rate is expected to last at least until 2030, making solar-related jobs unique in the industry. Combine that with an average salary of $40,000 and it’s clear that solar is helping the entire US economy.
Innovation Will Skyrocket
The demand for reliable and effective solar technologies will lead to a new era of innovation. That will allow the development of equipment and devices that were thought to be impossible. For instance, solar-powered cars and phone chargers could become a reality as more people turn to solar energy. And, as previously mentioned, the development of already existing technologies will lower the entry barrier for solar energy systems. In other words, innovation will benefit everyone, including consumers and homeowners.
A Bright Future Awaits
Overall, there’s no doubt that 2022 will be a great year for solar power. From price reductions to unprecedented technological advancements, there are a lot of reasons that make 2022 the perfect year to give solar energy a try. And, best of all, most of them will continue for years to come, marking the beginning of a bright future for solar energy.
So, if you have been on the fence about solar, now is the time to join the thousands of solar-powered homes!