A surprising new study from the Massachusetts Institute of Technology’s Energy Initiative stunned alternative energy advocates this month. And for once, the study actually revealed good news about the future of energy. Eco-conscious Americans who are tired of grim climate news finally have a positive story to share.
According to the MIT study released in May 2015, the photovoltaic solar panels in use today are all that is needed to supply the entire world’s energy needs. The Energy Initiative study confirms what solar installers have known for years — the homes of the future will have solar panels, and so will everything else.
While fossil fuel supplies continue to run out, the gas and oil industries retain massive amounts of political influence. With the right political will, solar energy technology could fill the energy gap of the 21st century. Massachusetts solar installers have already put the state ahead of the competition. In 2014, Massachusetts solar installers provided 308 megawatts of electric capacity, ranking the state 4th in the nation.
So why should you invest in solar energy for your home? Not only will Massachusetts solar panels help the environment, the electricity you generate will lead to savings on your electric bill.
Plus, it’s never been more affordable to install residential solar panels than in 2015. Since late 2010, the average price of a PV panel dropped by two-thirds. Experts expect that trend to continue in the years to come. Installing solar panels for your residence is an investment in the future.
Last year, solar energy comprised half of all new U.S. electrical power production. Unfortunately, that’s still a long way from the total capacity needed to replace fossil fuels. However, solar energy is a fast-growing sector of the energy industry, with 174,000 solar employees working in the U.S. alone, according to the Solar Foundation.
If Massachusetts solar installers want to keep up with rising demand, then they will be working overtime in the years ahead. Even more good news.