Developing solar power resources is an important component of any contemporary energy plan. Because solar energy is free, clean, renewable and domestically available, it offers many benefits to consumers, governments and the environment. Meeting energy needs with solar power reduces exposure to unstable foreign oil markets, curbs dependence on climate-harming fossil fuels and lowers utility bills. Solar innovation helps create competitive renewable energy markets. Discover three groundbreaking strategies that are helping to make solar power an everyday reality.
Lower the costs of non-hardware components.
Over 60% of the costs of implementing a solar power system comes from non-hardware components. Strategies focused on the acquisition, financing, contracting, permitting, connection, inspection, installation, performance, operation and maintenance of solar photovoltaics (PVs) aim to reduce the cost of alternative energy systems. Making cost-benefit information transparent, as well as educating solar professionals, is an important step in promoting consumer confidence. As consumer confidence rises, more people are apt to embrace solar-electric systems. Financing solutions include working with lenders, businesses and households on financial models, leasing agreements and purchase agreements.
Costs of installing PV systems can rack up at many levels of government. Streamlining small-scale and large-scale compliance and proper permitting at local, state and federal levels is an important solar strategy. Curbing resources and time by developing efficient processes helps saves consumers money. Efficiency can also be improved by training workers on better procedures. Enhancements in solar technology help increase the dependability and function of PV systems. Maintenance and operations strategies include research and development in the planning, designing and monitoring of solar photovoltaic systems.
Create a solar-friendly environment.
Creating a climate in which solar innovation can thrive is important for bringing efficient, effective and affordable sun-driven technology to life. Tactics in this area include removing restrictions in connection and metering, creating renewable portfolio standards and eliminating obstructive ordinances and codes. Attracting investors to solar projects is also a crucial component of creating a competitive renewable energy environment. Increasing access to capital while reducing risks through special entities like real estate investment trusts (REITS), master limited partnerships (MLPs) and crowd funding helps to grow strong energy markets.
Foster business and market growth.
Creating a stable marketplace capable of efficiently deploying solar resources is critical to developing a sustainable solar future. Markets can strengthened through innovations in business and maturity. Efficient processes, standards and practices are paramount to strong business models. Using analytical, data-flush tools to assess the successes and areas of improvement for solar technology is also important for business innovation. Both emerging and existing solar markets benefit from programs designed to support and nurture solar energy. Continuing to promote solar research, design, engineering, sourcing, production and installation helps create competitive solar industries.
Markets also thrive when households and businesses can easily find, choose and purchase quality solar products. Steps to facilitate online solar processes, quoting and purchasing help generate highly efficient marketplaces. By fostering business growth and nurturing markets, industries can more readily bring affordable, high-performing products to consumers while being global solar power players.