Growing With DemandWorldwide demand for electricity is expected to increase from 16.1 trillion kilowatt-hours in 2002 to 31.7 trillion kilowatt-hours by 2030, according to the International Energy Agency (IEA). The IEA also estimates that more than 66% of the world’s electricity is generated from fossil fuels such as coal, natural gas, and oil. Declining fossil fuel reserves and escalating electricity consumption are driving up wholesale electricity prices, resulting in higher electricity costs for consumers and highlighting the need to develop technologies for reliable and sustainable electricity generation.
Solar Energy Benefits
Solar panels can be used anywhere the sun shines. Solar power is a flexible energy source that can power one home or an entire city. Whether you are placing solar panels on a city roof or over an entire field, solar electricity lets homeowners and businesses take control of their electricity bill while providing freedom and independence from rising and fluctuating electricity costs.
Solar electricity is also a solid investment. Project developers, landowners and even homeowners can sell electricity to participating utilities and receive a steady stream of payment over the life of the system.
Whether you buy solar power for your home or to sell back to utilities, solar electricity translates into savings now and well into the future.
Governments, from the federal to the local level, offer incentives to spur investment in solar. Solar Leading can also offer financing vehicles to help customers pay for the initial start-up costs of going solar. For many, these incentives result in faster and higher rates of return on their investment. All in all, today is a great time to generate electricity and earn financial returns by going solar.
Lowering the cost of panels is just one aspect of making solar a smart investment; its reliability also offers decades of savings. Solar energy operates silently with no moving parts, and systems are virtually maintenance free. In 2010, a 60-year-old solar panel, thought to be the first panel ever produced, was found to be still capable of producing power. Solar Leading’s high-quality, bankable panels are guaranteed to perform for 25 years, though they will likely produce power long after that period.
The Power of Solar
Solar energy is the most abundant energy source available on the planet. Enough sunlight reaches the Earth’s surface every 15 minutes to meet the world’s energy demand for an entire year. Harnessing the sun’s power has proven to be a reliable method of producing electricity, with states and entire countries now receiving a significant portion of their energy from solar panels.
More importantly, solar power delivers electricity when demand for energy is needed most. Providing daylight electricity offers a reliable and cost-effective solution that offsets the most expensive rates from the utilities. Depending on your needs, solar arrays can be used to power your entire home or be designed to just offset the most expensive electricity rates.