When Will Solar Power Take Over

In a few years solar power will be cheaper than conventional energy.

When will solar power take over.

Despite the drawbacks solar energy use has surged at about 20 percent a year over the past 15 years thanks to rapidly falling prices and gains in efficiency. The solar energy industries association seia revealed in june that over 2 megawatts of photovoltaic capacity were added in the first quarter alone. Over the past 8 years solar power installations in the u s. Have increased by more than 23 times.

Solar power is growing rapidly and while we still consume about 100 times more energy from oil the potential for solar supply to equal oil in the next decade or two is very real. A well installed solar power system should last a lifetime. From rooftop system to utility scale power plant solar energy is now cost competing with fossil fuels in most parts of the country. Over and above the benefit of lower electricity bills a solar power system makes a home more environmentally friendly and limits reliance on eskom.

A total of 44 7 gigawatts of capacity in the united states now means more than 8 7 million homes can be powered by solar power. The three main players in the solar market manufactures. Almost 40 of all new energy installations in 2016 were solar. The study found that it would take a 3 million square kilometer wind installation over the ocean to provide all of humanity s current power needs or 18 terawatts.

The sunlight that hits earth in one and a half hour is enough to cover the worlds energy demand for well over a year. Japan germany and the united. Depending on the supplier the different components do come with a warranty.