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Projections estimate that solar power usage worldwide will grow 50 percent between 2019 and 2024.
This increase in popularity isn’t coming without good reason. There are a number of reasons why solar power is a good investment for the future, especially in a country as warm as Australia so the future of solar energy is good for here.
Future of Solar Energy
Read on as we look at how solar energy is likely to shape Australia’s energy landscape going forward
Statistics on Solar Energy in Australia
As of 2017, there were two million Australian households using solar power. That accounts for 21 percent of the country’s population.
While this is a sizable number, there is no reason why it shouldn’t be far greater. New technology means that panels are getting cheaper and more efficient all the time to the future of solar energy.
Advantages of Solar Energy
There are many reasons why more Australians are turning to solar power. We’ve outlined some of the main ones here.
Affordability of Solar Panel
Solar panels may be a little expensive to set up, but that’s where the cost largely ends. Sunlight is free for everyone, and there’s plenty of it to go around in Australia.
Even areas that get far less solar penetration than Australia can benefit from using solar energy.
There can be certain maintenance costs associated with solar panels, but these pale in comparison to the money you’ll spend on oil or gas over the course of a year.
Fossil fuel prices have been increasing steadily across the globe over the last few decades. However, future of solar energy in Australia has seen a particularly sharp rise in fossil-fuel-generated electricity prices over the last five years.
Nowadays, everyone wants to have a more positive environmental impact and lower their carbon footprint. Installing solar panels is one of the easiest ways to do this.
Future of solar energy in Australia is entirely carbon-neutral. Coal and oil, on the other hand, emit huge amounts of carbon, polluting our environment and worsening climate change.
Sustainability of Solar
As long as we have sunshine, we have solar power. In Australia, a country where winters are warm and summers are scorching, solar power can always be relied upon.
The same cannot be said for non-renewable energy sources. As everyone knows, fossil fuels like coal and oil are finite.
As resources of these fuels start to dwindle, their accessibility will decline and their prices will skyrocket.
Good for Property Value
While installing solar panels might seem costly at first, it’s an investment in more ways than one. Not only will it save you money on energy, but it will also boost the price of your home.
Once the panels are there, they’re there to stay. The next person who lives in your home will get to enjoy their benefits and will be happy to pay for them.
Powering Your Home the Right Way
At a time when energy costs are rising and environmental concerns are more pressing than ever before, solar energy is an option that everyone should consider for the future of solar energy.
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