Solar energy has become increasingly affordable over the years and is now even cheaper than coal, which used to be the cheapest energy source available. This is a significant indication that renewable energy is rapidly becoming one of the most significant sources of electricity around the world. The affordability of solar power could help save the planet by reducing the use of fossil fuels, which are a significant contributor to climate change. Some countries such as India and Chile have recognized this trend and are investing heavily in solar power, resulting in significant benefits.
Despite these positive developments, the solar industry still faces some challenges, such as the growing demand for better battery technology to store excess solar energy. This is crucial as battery technology needs to catch up to fully take advantage of the potential benefits of solar power.
To combat climate change, greater investment in solar power may be a key solution. As we continue to invest in solar power and improve battery technology, we can reduce our reliance on non-renewable sources of energy, ultimately reducing greenhouse gas emissions and mitigating the harmful effects of climate change. This will require a collective effort from individuals, governments, and corporations alike. However, with solar power becoming increasingly affordable, there is hope for a brighter, more sustainable future.
Listen to this report by NPR’s Planet Money to learn more.
If you’re interested in going solar in the Pacific Northwest, contact Premier Solar NW today to learn more!