Here is why we believe that solar will continue to be a great investment for those who currently have invested and those who will invest in the future:
Electricity prices continue to rise year over year on average. In fact, based on data from the Bureau of Labor Statistics, electricity prices have just reached an all-time high! As electricity prices increase, this creates a higher reward for those who already get their electricity from solar, and gives more incentive for others to invest.
Decreased cost of solar. The cost to install solar has continued to decline over the past 5 years. As this decline has occurred, consumers and businesses have become less dependent on incentives to push them toward installing solar, focusing more on the unincentivized economic viability of solar. Our company and the solar industry is working towards continually decreasing “soft costs,” such as labor and permitting cost.
New Technology advancements and installation techniques. These improvements include things like incremental increases of the power density of a solar module, higher efficiency inverters, and daytime backup power without any batteries.
Increased awareness. As the industry matures, more and more of your neighboring homes and business are using solar for their electricity, which helps everyone become aware of the benefits and the opportunity to take control of energy costs.
– Tim Beiler, CEO