2018 Highlights in Solar Energy

As we wind down the last days of 2018, it’s a good time to reflect on what has shaped the direction of solar energy over the past year. The following is a recap of some of the most notable events that have happened along with a glimpse at what to expect in 2019.

International Climate Report

In October, the United Nations Intergovernmental Panel on Climate Change released a report that stressed the need for switching to clean, renewable and sustainable energy alternatives like solar, wind and hydropower. The report also highlighted the dire consequences of not making these changes which include hotter summers, more heat waves, severity of drought, and loss of ecosystems.

Increasing Growth in Solar Power

The Electricity Information Administration (EIA) published statistics that stated that solar power has generated less electricity in the United States than wind power. However, solar power is growing at a faster rate. In fact, the findings showed that the solar industry is growing more than 12 times faster than other industries.

For the Year Ahead

Solar Energy Adoption
The United States Department of Energy estimates that solar energy will be installed at a seven percent increase in growth rate, compared with 2018.
Solar Cars
“Lightyear One,” the world’s first solar car is expected to hit the road in 2019. Recently winning a Climate Change Innovator Award, the car can drive for months without charging.

Happy Holidays

From everyone at the Cool Blew Solar team, we wish you and your loved ones a wonderful holiday. We hope you spend this special time of year with friends and family while enjoying the benefits of solar power. Want to learn more about your options for solar in 2019? Call today for a free quote at 623-234-2836.

FAQ's

Is Solar Energy Expensive?

The size of your panel installation and the needs of your home will affect your costs. The average net cost of a 5.69kW system is $13,838 cash after 30% rebate (according to solar-estimate.org). An average-sized system can cost up to $35,000. Larger installations will require more hardware, planning and construction time. This can further increase costs. While solar panels are expensive, they have many distinct benefits. Cool Blew Electric & Solar’s experts can assess your situation and goals and recommend a cost-effective system to meet your needs.

How Much Can I Save By Installing Solar Panels?

An average-sized system (5 kilowatts) can reduce up to 50% of your monthly electricity bill. A 5.69kW system would offset 100% of your energy usage if your typical monthly bill is $138. Over a period of 20 years, these savings can add up to $30,000, based on your location and energy usage.

How Long Would It Take to Recoup My Solar Investment by Solar Energy Savings?

With a 5.69kW Solar system you would recoup your savings in 7 years and 2 months but with continuous Utility increases every year your Return and Investment will be much sooner.

What is a Solar Lease Program?

The Solar Lease Program has been one the most popular option that homeowners have chosen over the years. Solar Lease programs gives homeowners the opportunity to take advantage and put Solar on their homes and a guaranteed savings from their Utility for little to no money out of pocket. Most Leases are 20 year power guarantee from the solar provider and includes fixed monthly payments, no repair cost, fully insured and warrantied for the life of the system.

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