Top 7 Solar Energy Trends 2022

Top 7 Solar Energy Trends 2022

Solar energy is rapidly transitioning to a carbon-free electric grid. Produced by the U.S. Department of Energy Technologies Office (SETO) and National Renewable Energy Laboratory (NREL) released on September 8, 2021, the study states that with aggressive cost reductions, supportive policies and large-scale electrification, solar could account for as much as 40% of the nation’s electricity supply by 2035 & 45% by 2050. To reach these levels, solar deployment will need to grow at an alarming rate. Solar power is a promising field that continues to gain momentum with every passing year. With continued innovation in the application of solar technology, solar power has managed to endure the pandemic better than most, but what can we expect going forward.

From solar garden lights to solar generators, solar backpacks, solar street lights & solar window panels, innovation in solar industry has touched a remarkable threshold. From providing a secured illuminated environment, these solar options work towards a greener future as well. Over the years, many solar EPC companies in Gurgaon have invested and invented gazillions of solar products in the industry, but creating a benchmark of success stories, Synergy Wave System has worked tirelessly in providing a viable solution to our energy needs, with credible aftersales services as well. As we enter 2022, Solar energy continues to support and surpass its previous records. We can definitely ascertain crucial trends that guarantee a rising solar industry in 2022 and for the future to come.

LATEST TRENDS IN SOLAR ENERGY 2022

1. SOLAR ENERGY CONTINUES TO BE MORE AFFORDABLE & ACCESSIBLE

Of-late, the cost of creating & buying solar technologies has continued to fall as more & more consumers are moving in favour of the same. This tend is exponential & cyclical, with mass adoption of solar technology driving prices down, leading to more businesses incorporating solar technology & thus repeating the cycle. The trend continues to be strong in 2022 and here after. The demand for solar is more than sufficient to ensure continued research & development. Market forces, such as industry-peer competition, will be significant factors in determining the cost of solar in the foreseeable future.

2. ADVANTAGE OF GOVERNMENT SUBSIDIES WILL REACH MORE CONSUMERS

Governments also understand the need and applicability of solar technologies in the world right now. With continued advancements to cut down on carbon footprints, subsidies on things like solar power are set to be around for a longer time. As the pressure to go green gains momentum, more businesses & other consumers will look at taking advantage of various government schemes, tax breaks & subsidies.

3. ENHANCEMENT IN DURABILITY OF SOLAR TECHNOLOGY

Earlier solar technologies were not necessarily as robust as they needed to be and certainly not as effective as they are today. With continued development, solar technology’s durability & effectiveness will continue to grow, making them a more attractive proposition. This improvement is significant for larger businesses, where ongoing maintenance costs are substantial compared to smaller installations. Any increase in sales as a result of these improvements will only feed into the above point about sales growth leading to lower costs & more sales.

4. SOLAR INSTALLATION JOBS WILL GROW MANIFOLD

Solar has impacted the job market in a massive way. As the demand for solar increases, so does the demand for professionals who can install, repair and maintain solar installation projects, on scales big & small.

5. HIKE IN DEMAND OF VARIETY OF SOLAR PRODUCTS

In the coming years, the demand for new solar products & solar lighting systems will continue to grow, leading to more businesses incorporating solar in a way that operates independently of any larger solar energy installation.

6. INCREASING CONCERN OVER CLIMATE WILL DRIVE SOLAR SALES

The thrust for cleaner and renewable energy source is palpable & solar is at its core. Businesses and consumers will increasingly turn to solar, whether out of genuine desire for the environmental safety or from corporate pressure.

7. OPTIMIZING SOLAR USAGE IN INFRASTRUCTURE

As the cost of solar technology continues to come down, the benefits in larger infrastructure become more apparent, hence bringing the running costs to minimal and reducing the need for disruptive installation processes.

Since its inception, solar energy has promised to be the most viable and sustainable option when it comes to addressing solar needs worldwide. Solar energy has definitely come a long way with leaps and bounds improvements in a span of few years. With the increased durability and competitive costs of solar technologies, the larger projects that are predicted to take several years to complete and have the potential to change the way we think of energy production, will start to bear fruits of success. Whether you are an environmentally conscious business or just looking for cost-cutting solution to balance the environment, Solar is definitely going to be a promising sector in the coming years.