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A Bright Future for Solar Energy

With the New Year just a little over a week away, now is about the time that we begin to reflect on the past year. In the realm of solar energy, those of us in the United States can proudly say that 2012 has brought a record amount of growth, and predictions seem to indicate that things will only go up from here.

According to an article published by CleanEnergyAuthority.com, more solar photovoltaics were installed “by the third quarter of 2012 in the U.S. than in the whole year of 2011 – which previously was the best year for solar in the country.” To be exact, 1,992 megawatts of new photovoltaics came online in the United States by that time, in comparison to the 1,885 megawatts that were installed during the entire year of 2011.

Okay, so that’s the past, but how is that any indication of what’s to come? For starters, a couple of large-scale solar energy projects are near to completion, (just a few years after their initial development – which is impressive in and of itself) and will be able to provide clean solar power to a great number of people. Additionally, a recent study from the University of Delaware looks to be shining a glimmer of hope for us. This study predicts that if the electric grid was powered by solar and wind energy by 90 percent, we could actually cut the cost of electricity in half by 2030. This knowledge mixed with the fact that the price for photovoltaics is the continuously decreasing paints a very optimistic picture for 2013.

Yes, you read that right – we said decreasing. The article goes on to tell us that the solar cost is “likely to drop to 48 cents per watt by 2017”, already having dropped to about 70 cents per watt. This may seem strange since the number of solar panel installations are increasing but it’s true! This may just be the incentive you’ve been looking for to take advantage of all solar power has to offer. Why not take the next step to getting more informed? It seems as though the future is only getting brighter for the world of solar energy.