Why Investing In Solar Energy Is The Future

Residential Home with Roof Solar Panels

Although traditionally recognized as an oil-rich state, Texas also abounds in renewable energy resources including the wind and the sun. This was made evident in a report cited by the Texas Tribune.

The report announced San Antonio as the sixth in a list of United States cities with installed solar capacity. This is hardly surprising given the city’s abundance of solar radiation.

Awareness is rising in the Lone Star state while in San Antonio, solar panels adoption is on the upswing, thanks to the aggressiveness with which the municipal authority is pursuing its renewable energy program. Here are a few reasons why you should invest in solar panels.

Favorable Government Policies

You’re not fighting the government on this one. All you are doing is using the opportunities presented to you. For example, San Antonio’s municipal utility has outlined its vision of meeting a minimum of twenty percent of its electrical power demands from renewable energy sources by 2020. This is in tandem with its energy conservation objective of saving 771 megawatts of electricity between 2009 and 2020.

Installed Capacity

The total utilities and resident-installed solar capacity in 2013 were 84 megawatts, and by early 2015, almost 2,500 roofs were fitted with photovoltaic systems in the city. Meanwhile, across the United States, the growth of solar installations peaked at ninety-five percent in 2016 with no sign of a letup so far seen this year.

Cost

>Considering that costs vary from one company to another, an average cost will serve as a guide. The costing is done in dollar vis-à-vis power output. So, on the average in San Antonio, solar panels cost $3.31/watt in December last year. Depending on your desired output, you can calculate the total cost of the system you wish to purchase.

As technological advancements continue, acquisition costs are reducing and opening the market to more entrants. Consumers now have affordability. 2017 should surpass the preceding year in the growth of solar installations.