3 Encouraging Facts About The Solar Power Industry

With issues like climate change and melting polar ice caps dominating our headlines today,  countless people are beginning to worry about the state of the planet (and the state of their pockets too). Hence, the move towards being environment-friendly is also making the solar power industry booming. Here are a couple of encouraging facts about the global solar  industry’s current state. 

1. Governments Are Slowly Cutting Their Dependence on Coal

As many people are shunning dirty fossil fuels and other toxic energy sources, there’s also a promising trend from governments and industries to lessen their dependence on coal, too. In the US for instance, the Obama administration is laying out rules for cutting carbon emissions produced by coal plants. Like in other parts of the world, increasing incentives are given for developing renewable energy sources like portable solar panels Australia.

2. A Photovoltaic Solar Panel Is Installed Every 4 Minutes

Renewable energy industry insiders say that, one photovoltaic solar panel system is being installed not just in the US, but some place else. If this amazing trend continues to grow at this pace, by 2016 there will be one solar panel system attached every twenty seconds. This is certainly way better than in 2006, where just one PV system was installed every eighty minutes.

3. China Will Add 70 Gigawatts of Solar Power Energy

The world’s biggest polluters are the US and China. However, there’s plenty to be happy about in China, in terms of renewable energy.  The world’s biggest carbon emitter is planning to triple the number of off grid solar panels, and solar energy plants by as much as 70 gigawatts by 2017. This should help reduce pollution levels in China, where the amount of particulate matter in the air is 20 times higher than the normal level.

Perhaps the best thing about solar power Rockhampton is that the price of your average solar panel has declined by as much as 80 percent since 2008. This is according to a recent report by the International Renewable Energy Agency. The overall cost of solar power systems Australia has also gone down by 80 percent since 2009, and will continue to drop further. This is because production costs have lowered, although energy storage and transmission system costs still remain high.