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5 Trends in Solar Energy to Watch in 2021 |
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by Shanise Williams | 10-03-2021 15:59 0 |
Solar energy consumption is on the rise, and across the country, new installations are going up as interest grows in this field. With the start of the new year, there are few trends to watch. Follow this guide for five ways you will see solar energy grow in 2021. Increased Home InstallationAs you look at the top solar companies in the US, expect to see more solar panels and solar shingles being produced. As prices have been steadily falling and the advantages are improving, more options have become available for individuals to take advantage of renewable energy and its benefits. For example, solar shingle installation prices have dropped to almost half of what they were a decade ago. These allow users to reduce their energy bills while enjoying the tax benefits of their use. As solar panels and shingles continue to become more affordable, you can expect to see them on more homes across the country. Better Storage OptionsOver the past year, many people started investing in solar energy to reduce costs and gain more power over their supply. As people began seeking more control and balance for their energy needs, higher demand for new storage options grew. Batteries are growing in storage and energy output capabilities. In the coming year, you can expect to see homeowners and corporations alike look to improve their storage capacity. Security in energy supply is key to this growing trend. Solar-plus-storage is quickly becoming the preferred choice for those installing solar panels and shingles in their home. With this bundle in place, homeowners can ensure stability in their energy resources. More Solar VehiclesCarmakers have not missed out on the solar energy trend. With the increasing demand for fuel efficiency, car companies started designing cars with improved solar systems. These solar vehicles are making their way to the road this year. Companies like Tesla have long offered greener options; however, there is limited availability due to high demand. In the coming year 2021, new alternatives will hit the market to meet this demand, including the world¡¯s first mass-produced solar car by Aptera Motors. Additionally, CES 2021 saw the unveiling of Sono Motors' second-generation solar vehicle. As these new options hit the market, you can expect to see a growing demand for these cars. New RoadwaysAt the end of 2020, Georgia announced a first in the nation. With this installation of a solar roadway section, Peachtree Corners became a leader in this new industry. By utilizing the miles of the surface area of roads and parking lots, there is a large potential for gathering solar energy. This innovation is particularly exciting for businesses and homeowners to help not only power their property but return extra power to the grid reducing energy costs. Throughout 2021 and beyond, you can expect to see this trend grown nationwide as demands increase and states continue to look further into this new technology. Tax IncentivesWhen Congress passed the final spending package of 2020, most people focused on where money was going and whether stimulus would be included. However, tucked into this package was an exciting addition for those looking to go solar this year. Included in this bill was a continuation of the solar tax break for another couple of years. As people seek to enjoy the benefit of this tax break, you can expect to see growing demand and further incentives put forth by states. As the year progresses, you will see a growth in solar usage by individuals and corporations looking to reduce energy and tax bills. As the year progresses, continue to watch as new technology and legislation will shape this exciting industry. |
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