With the 26% Federal Income Tax Credit for solar projects being extended, 2021 has kicked off as a banner year for solar energy. But what else is likely to happen in the way of green power? We have a few predictions worth noting.
Companies Expanding Environmental Commitments
Many Fortune 500 companies already have promises of moving to carbon neutrality. This includes purchasing carbon offsets or switching to renewable electricity suppliers. However, some are already working toward the commitment of eliminating all emissions. For example, Google recently released their 24/7 by 2030: Realizing a Carbon-Free Future report that shows how technology leaders can work towards achieving fossil-free goals, and details how others can follow in their “carbon” footsteps.
Greater Adoption of Utility-Scale Storage
Massive storage projects have become more economically feasible as the cost of manufacturing and development have fallen. The cost of utility-scale solar and storage has dropped considerably, making it a financial opportunity for utility providers. Ultimately, this means a stable supply of clean power for everyone as more sustainable energy is added to the grid.
Demand for Home Solar Energy Systems Will Grow
The International Energy Agency forecasts a 43% increase in the capacity for renewable electricity before 2022. Solar power production and installations have risen significantly in the past few years as the cost for systems has declined.
As vaccines become universally available and life slowly returns to normal, more homeowners will be getting back on with home renovations, including solar panel installations. This is good news for the clean energy economy and the environment.
While it’s hard to know everything 2021 will bring, we do believe that renewable solar energy is here to stay and will continue to grow in popularity. Want to learn how you can take advantage of the power of the sun? Call Cool Blew Solar today at 1-623-234-2836.