Solar energy is often discussed in terms of its impact on the planet. But, throughout these discussions, as we’re waxing poetic about the benefits of clean solar energy, we may forget what solar energy means to our global economy.
Solar Energy Creates Opportunity
Solar energy has proven to be one of the industries that have readily grown in an era of economic slump and job loss. In the US, for example, solar energy has experienced 69% growth over the past year. Today, in the US, more than 100,000 people are working in solar energy jobs, which is double the figure of two years ago.
In Australia, solar energy has had similar success. Looking forward at solar energy’s role in the economy, it’s easy to see that this is one industry that we can look to for providing future jobs and future growth.
Today, there are not many industries that can boast such tremendous growth or such plans for growth and contribution to the job market.
According to a report by Frost and Sullivan, solar electric systems are expected to grow by about 50% this year in Australia. This growth is expected to be, in part, due to an increase in the prices of electricity from traditional sources. As the public sees their traditional sources of electricity become more costly, they will look more closely at installing solar energy systems.
Solar Energy Is Giving Electricity A Run For It’s Money
There are still many families who hesitate to install solar energy systems because of the upfront cost. But, the costs of solar energy products are coming down each year, making it a more and more affordable energy alternative, particularly when paired with rising traditional electricity costs.
The Environmental And Economic Future Of Solar Energy
As we learn even more about what solar energy’s role will be in our environmental future, we’ll continue to see how it will impact our economic future. Governments throughout the world are choosing to invest in solar energy, which will help to fuel the growth. And, most countries throughout the world have targets on renewable energy they are trying to meet. For example, Australia’s renewable energy target is 20% by 2020. According to today’s growth pattern, the country is on track to meet or even exceed that goal.
So, when you wonder what is solar energy’s role in our future, it’s easy to see that this form of renewable energy is very important to the country’s growth, both from an environmental standpoint and from an economic one.