There’s Still Huge Demand for Power Solar Solutions in America
The solar energy industry has been expanding rapidly in recent years. Even with incredible growth, the boom is set to continue. According to a recent article in Bloomberg, America has installed more than 140 gigawatts of power solar capacity in the past 50 years, or enough to provide 3% of the power used on the national grid. Now experts are predicting that there could be up to 420 gigawatts of capacity by the end of 2030.
It’s not hard to understand why solar power on Long Island, in Manhattan, Los Angeles, or anywhere else in America is a big deal. Solar helps to offset our carbon energy usage, which is ideal for the environment. Solar has also become much more affordable, so the return on investment has continued to improve over time. Even consumers see the direct benefits. A typical Long Island solar installation can pay for itself in savings within the first ten years of ownership. Solar panels last around 25 to 30 years, so the returns keep coming for households.
The job market is also expanding. The State of Georgia has become a hotbed of solar panel manufacturing. According to Business Journal Magazine, more than 5,000 people are employed in the solar industry there today, and the number will continue to grow as more companies set up their manufacturing operations in America. This has been stimulated by federal tax breaks, as well as the understanding that the tariffs on imported solar panels will be restored and possibly even increased in the next two years. With America having a strong domestic manufacturing industry, solar equipment prices will be more competitive and supply chain constraints will be eased.
If you are considering a Long Island solar installation, now is one of the best times to get started. The regulatory framework, tax credits for solar power on Long Island, and the efficiency of modern panels make it all worth it.
Efficiency is Contributing to Strong Solar Demand
If you installed solar panels 20 years ago, you’d have an overly expensive system with a minimal return on investment. Today, you can get a Long Island solar installation and see significant savings on your utility bill. Panels can take care of your home’s electricity consumption during daylight hours. Excess production gets sent back to the grid, and with Net Metering, your meter will spin in reverse to help cover the electricity that you use in the evenings.
Homeowners are also adding additional power solar solutions, such as home battery backup for solar, which can improve reliability and enhance long-term savings.
Having a reliable installer will ensure that you get the most from your investment in Solar. Long Island Power Solutions is one of the most trusted solar installers in New York State. We’ve connected more than 5,000 families and businesses to clean and reliable solar.
You can Join the Clean Energy Revolution with Solar Power on Long Island
The demand for large-scale power solar installations will contribute massively to the expansion of America’s solar industry. Home installations have lower output, but they’re just as important for the industry, energy security, and for the needs of families like yours. Investing in solar today could save you money tomorrow and far into the future, especially when considering the durability of solar panels. There are Federal and State solar tax credits available, as well as no-money-down financing and an interest-free period with Long Island Power Solutions.
Get your free solar estimate today and leverage the efficiency of modern solar panels and the savings that they can provide.