Growth through PV solar panels

With recent media attention, you could be forgiven for thinking the solar industry was dying. In fact, the opposite is true. The PV solar panel industry is growing and flourishing.

Savvy homeowners are reducing dependence on traditional fuels that become more expensive with each passing decade. This is despite the recent feed-in tariff reduction.

There is an underlying truth that people will continue to find alternatives to oil, gas and electricity as costs rise unabated.

Through the roof energy costs aren’t going to go away. The world will keep turning and people will endure the high cost of powering their homes until they discover PV solar technology.

The costs of installing solar panels have come down over the last couple of years. The current export generation tariff rate is around 5.44p kWh and brings the incentive into line with the market.

The incentive scheme was originally designed to encourage homeowners to install photovoltaic panels and promote industry growth. A torrent of people taking advantage of the scheme has been delightful to witness.

I believe the PV solar panel industry can now grow sustainably. The cost associated with solar technologies is currently falling and becoming viable to more people.

Even with the average 5.44 pence per kWh rate, solar panels a great long-term investment, given their thirty to forty years lifespan. Imagine the cost of traditional sources of energy in five or ten years’ time!

The sooner you install solar panels the better.

The demand for PV technologies will increase as electric vehicle charging becomes the new normal. The long-term growth of the PV solar industry is inevitable. However, it’s wiser to install your system, sooner rather than later.