Our sun is a large producer of energy. Every hour, the sun beams down more energy than the world uses in a year. Throughout history, we’ve learnt how to harness its power and generate electricity for millions of people around the world.
Coal-fired generators are not sustainable and are nearing the end of their technical capabilities and must be replaced and the dominant replacement technologies are renewables.
Solar energy is one of the cheapest forms of energy that is available in two-thirds of the world, according to BloombergNEF. In 2020, solar energy will be a powerful player in the energy market. In fact, solar is outshining fossil fuel because the costs are dropping, technological innovations are accelerating and now, more people want solar.
The Cost of Solar is Decreasing
Solar energy, once a niche application for the rich and tech-savvy, has become the cheapest and fastest-growing power source on earth. Millions of people in developing nations such as Bangladesh and India depend on solar to provide them with affordable and reliable power every day.
Australia has one of the easiest access to some of the best solar technology in the world. That’s not surprising, considering that Australia is the tenth sunniest nation. Australian homeowners no longer have to pay upwards of $10,000 to install a solar panel system. With the help of the Australian government incentives millions of homeowners across Australia have been able to install solar at a reduced price.
Overall, solar has become more accessible as mechanical components have become cheaper. Solar is now an affordable alternative to traditional electricity and unlike fossil fuels, the cost of solar energy will continue to decrease.
Excited about Solar Innovations?
Solar technology has drastically evolved since the 1950s. Technological innovations in the clean energy industry have cut the cost of panels and installation. Some fascinating solar inventions include: :
- Silicon Cells that conduct light to electricity at an efficiency rate of 22 per cent.
- Thin-film photovoltaics that underlines the surfaces of buildings, enabling self-sufficient infrastructure
- Sun-tracking solar cells that make the most of the sun’s rays
- Lightweight panels for easier mobility
- Non-penetrable panels that protect your rooftop
Rising demand for global climate change
Experts project that solar will generate 33 percent of global electricity by 2050, while
renewables will be responsible for 80 per cent of total electricity generation, according to DNV GL energy transition outlook projects. As climate change exacerbates, more people are turning to solar for clean energy. Between our recent Australian forest fires and Greta Thunberg’s climate crisis activism, the news is plagued with catastrophic events caused by climate change.
But no matter what happens, the sun will always shine. In fact, solar is available for you right now. At Sola.io, we’re committed to enabling all Australians to access solar by reducing the costs and risks of transitioning away from fossil fuels. Solar energy is still one of the cleanest sources of electricity. Many solar materials still need innovation to become cleaner, but solar energy is a viable solution.
Interested in switching to solar?
Contact us at 1800 595 348 and book your free consultation today!