If you’re thinking about investing in solar energy for your home or business, you want to know what the industry will be like in 2023 and beyond. After all, you need to know if it’ll be a safe investment in future years. Here, we discuss the solar energy trends and predictions to help you see into the future.
Increasing adoption of solar energy
If you’re thinking of installing solar panels for your home or business, you’re not alone. The use of solar energy is expected to increase rapidly as more and more people install panels. This is driven not only by the environmental benefits, but also the fact that the price of solar technology is dropping. It’s now becoming cheaper to install solar panels, making it a more accessible option for more families.
Technological advancements
Part of what will be driving the drop in prices is the advances in solar technology. These technological advancements will make solar energy more efficient. In the past, the main challenge of solar energy systems as that it uses an intermittent source of electricity—the Sun. However, new technologies such as solar thermal storage and advanced batteries are making it easier to overcome this challenge. Some are even experimenting with using artificial intelligence to optimize the performance of solar systems.
Government and transportation support
Local and national government bodies are becoming increasingly supportive of solar energy. As a result, policymakers are putting forward financial incentives to help people adopt solar energy.
The transportation sector is also playing an increasingly important role in solar energy. How? With the development of solar-powered vehicles. As these become more advanced, expect to see solar-powered electric vehicles.
If you’re thinking about hopping on the solar energy train, then don’t wait. Contact Empire Clean Energy Supply today!