Affordable Solar Power for your home. How Crucial is Cost?

We’ve made a big deal about affordable solar power becoming cheaper and cheaper. With continued investment, sustained demand, and uninterrupted government backing, solar figures to be even more cost-effective and more affordable for all. But what does it all mean in the grand scheme of things? What does it matter to individuals that renewable energy is getting more affordable than ever? Let’s examine the effects of solar’s affordability, and why it’s so important for the future of the industry.

Unparalleled access to affordable solar energy

Because of upfront costs, many people are still on the fence when it comes to solar power. Even if systems will pay for themselves in the long run, many people just don’t want to spend outright. Or perhaps they are not aware of the financing options available to them that provide affordable solar for their homes.

Solar reaching record lows in terms of costs with respect to generation allows wider access for consumers. In addition, cheaper affordable solar also allows communities to collectively consider this solution. Solar is already one of the more accessible renewable sources of energy, particularly at the household level. Now, imagine what it would do for lower-income families if solar became even easier on the pockets.

March to renewables

Renewable energy is on pace to account for over 25% of power generation in the US in the next three years. That’s according to estimates from the Federal Energy Regulatory Commission. Affordable solar power’s growth is a big part of that. As demand grows, the costs as a whole go down. That means even more good news for consumers from all sectors.

Grid parity is already a reality in some locations. The aim is to make this the norm in most, if not all, markets. There’s still a long way to go on that front, though. Making sure solar becomes as affordable as it can be will help usher that era in.

Reduced fossil fuel reliance

At first glance, the numbers might not seem all that big to some people. However, keep this in mind: each additional percent taken by solar translates to a reduction in fossil fuel use. Firstly, regardless of whether it’s coal or natural gas, any reduction in fossil fuels is crucial to the environment. Secondly, we must start to wean off of fossil fuels to mitigate numerous environment- and climate-related issues we experience today.

Coal and natural gas, and sometimes even crude oil, are also increasing in terms of costs. This compounds the environmental issues with fossil fuels. Before long, it should be a no-brainer. The automotive industry is already seeing the light when it comes to this. Many automakers have already provided timetables of when they plan to stop production of petrol-guzzling vehicles. There’s no reason the same should not apply to power generation.

Examining the impact of cost reductions for the average consumer is key to continued growth for the industry. It accelerates our transition to sustainable and affordable solar renewable energy, while accelerating adoption for people who can benefit most. Find out how you can maximize your budget and save on utility costs today. Go solar now to make the most of your money while helping achieve sustainability.

You can find the answer for yourself

Learn more about how affordable solar can help you enjoy a big saving on those skyrocketing utility bills. Contact us at Renewable Energy Corporation, Maryland’s premier solar installation company and get a free estimate for your home.

This is a no-obligation assessment, which will show you how solar can make a massive difference by reducing your energy bills. Our professionally designed systems will work magic for your home energy needs. Each home is unique so the tailor-made solar solution we will give you, is the answer.

The sooner you get started, the better. Contact us today and find out why you should climb on the affordable solar power bandwagon too.