Plummeting Solar Panel Prices help Surge in Popularity of Renewable Energy

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Until recently, anyone who had their heart set on installing a solar panel of some sort on the roof of their property may have baulked at the cost, but recent falls in the cost of photovoltaic (PV) panels may render them a little more affordable. Although take-up of solar panels has increased, the total income from solar, wind and biofuels has remained static.

Greater access

It’s no secret that renewable energy will be needed more in the coming years, especially with insecurity over fossil fuels and nuclear power, but will prices falling slightly lower than usual be enough to tempt people into getting green energy for their premises? The report from CleanEdge suggested that it could.

Renewable Energy.pngUsually, anyone with a keen interest in installing PV solar panels or any other form of green energy generator would either have to save up and wait for a considerable period of time before being able to pay for it or look for help from a bank. Fortunately, access to green energy has been partially widened by government initiatives including the Green Deal.

Is state help enough?

In an attempt to try and show their green credentials, the current coalition government have created the Green Deal, a programme designed to boost use of green technology by businesses and households. It hasn’t quite taken off as first hoped, but that and other possible incentives for people to buy solar panels are there.

Feed-in tariffs are another incentive available for people to generate their own solar power. Feed-in tariffs are part of the Government’s Clean Energy Cash Back scheme, in which those who install solar PV can receive payments for low carbon electricity produced. There is also payment for any surplus energy fed into the grid.

The future for solar power

With the cost of solar power falling to roughly $2.50 per watt, this suggests that awareness of solar technology is set to continue growing. For the consumer, this is terrific news, but there is a hint of uncertainty about what this trend could mean for companies who produce panels as well as other forms of green technology.

Renewable Energy1.pngA number of people believe that the falling cost of solar power and panels could actually help those companies. As it becomes cheaper, more homes and businesses could feel inclined to buy solar panels  to help generate a proportion of the electricity they need, which for those businesses and the wider world is surely a good thing.

Solar power still has a great deal of potential. Not only is it helpful to the environment, but it could also end up saving consumers some money in the long run. Anyone interested in learning more about this fascinating type of energy should consider getting a Master’s of Science degree in renewable and clean energy. This degree can be obtained through online classes, which means just about anyone can balance the education with their job. Whether you want a career in the manufacturing or promotion of solar power, or just feel like learning about a new subject, it may prove to be an excellent decision.

Katy Jones, of renewable specialists Dulas Ltd, said of the news, “It’s true that the installed price of solar PV has reduced in recent months and the feed-in tariff still makes solar PV a financially viable option.

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