More About solar
Why solar
The system gives you reduced electricity bills
Solar power can significantly reduce your energy bills, sometimes even eliminating them. Solar energy is a renewable energy source that wont run out. So no worries when it comes to a blackout, you'll always be covered with solar energy.
Important Facts
Solar is the Fastest and Most Popular Form of New Electricity
In 2010, solar energy represented only 0.06% of the global energy mix. Within nine years, solar rose up to 1.11%. Solar also makes up the largest proportion of growth in the renewable energy mix, where it grew from 0.8% in 2010 to 10.3% in 2019. Solar power capacity is rapidly growing at the same time, meaning the amount of electricity it can generate from energy it captures. Global solar power rose by 22% in 2020 as installations have experienced a boom. Together with wind power, renewable output has more than doubled since 2015.
More information
Solar Will Become 35% Cheaper By 2024
One of the most notable solar energy facts is that solar costs will drop significantly within the next few years. Industry experts have predicted that the US will double its solar installations to four million by 2023 while global uptake is projected to soar as more countries turn to solar to help meet their climate goals. In 2021, Australia installed a record more than 3,000MW of rooftop solar panels, where almost one-third of Australian households have solar panels – the highest rate in the world. A positive uptake trend will allow solar costs to drop thanks to its accessibility. Some expect it decline by 15% to 35% by 2024, spurring further growth over the second half of the decade.
Why it's important
Solar is a Reliable, Cost-Effective Energy Source
The sun is a renewable energy source. Fossil fuels will eventually run out, but sunlight won’t. For that reason, solar energy is highly reliable. And unlike fossil fuels which are expensive to mine and utilize, it doesn’t cost anything to receive sunlight. A one-time installation of solar equipment is all that’s needed to reap the benefits.