10 Reasons Why Renewable Energy Is Taking The World By Storm

With its newfound popularity with citizens and politicians alike, more and more manufacturers are growing to supply the industry. As long as solar power makes sense to the people, renewable energy systems will continue to rise in demand.

Here are ten reasons why renewable energy is taking the world by storm.

1. Renewable Energy Provides Jobs
With citizens asking for more jobs to decrease poverty, renewable energy will fill that void. With the increase in renewables, thousands of business developments, designs, sales, installations, engineering, and service jobs will be needed every year.

Solar is one of the few industries that can provide sector employment in the struggling economy. However, it is estimated that over 90,000 jobs in the manufacturing and installation of solar panels since 2011.

2. Fasted Growing Sector of the Economy
With over 70% of the total value of solar products and installations, the U.S. solar photovoltaic installation increased with an impressive rate of 64% by 2010. As of now, over twenty-one states in America have solar power up and running. This represents over two-thirds of the population in the United States.

3. Voters are already a step ahead of the media and politics
Despite what you may hear on the news, Americans want renewable, clean, homegrown energy. Not only because it will make the air have they breathed but also because the economy will grow with the homegrown industry. Additionally, America has grown tired of borrowing funds from China just to pay for energy that is important for other countries $6 per watt for installed systems.

4. Renewable energy is affordable
As solar power is already cheap in most states and cities, prices are falling as the average cost of solar power is $6 per watt. This results in a 17% decrease from 2009. Since 2008, panel prices declined with 30% of the reduction happening this year. Currently, large rooftop systems are installed for less than $3 per watt.

5. Significant investments
Even with a struggling economy, the renewable energy industry has gained a record of almost $8 billion in venture capital worldwide – a total 28 perfect increased from 2009. Over 70% of the total was invested in North America as solar power alone has gained over 30% of fresh venture capital in the U.S.

6. Policies have made solar energy affordable
Within seven years, the solar energy industry quickly grew as a total of forty-three states adopted the net-metering policy. This means that utilities are not required to replace their software and hardware to accommodate businesses and homes that produce power during peak hours. In return, energy consumers will make money for their excess solar production and energy that they don’t use for themselves. Instead, their utility will buy it all full prices – leaving owners of businesses, schools, and homes to pocket the different.

7. Free of competition against oil and coal welfare
Renewable energy is set to succeed, despite the competitive energy field that is tilted towards gas, oil, and coal industries. With over 70 years of incentives, deductions, and subsidies, they will continue to benefit with a worth of $20 billion each year. Americans are paying those companies twice for the same service – once at the pump and another when we pay taxes.

8. The military praises clean energy
Since 2006, the Department of Defense’s renewable energy investments has increased to nearly 300%. It is expected to increase to an annual $10 billion by the year 2030. How? It is because the sun and wind are found where gas stations aren’t. With new battery technologies that store energy, the military has used the fuel and energy for their needs instead of waiting for restocking in supplies of vulnerable tanker convoys.

9. Affordable solar-in-a-box
As solar power is continuing to grow in supply and demand, homes and businesses will soon be able to purchase quality energy with affordable and simply “solar-in-a-box” that can be delivered straight to your doorstep. These solar boxes are mass produced as installations could produce as much as one nuclear power plant a year.

10. Solar power will provide enough energy for communities
With the increase in demand, it is likely that over 90% of homes will have solar power systems installed by 2025. As a result, the community will gain plenty of benefits and produce enough power supply to save on costs and even earn a profit.

Here are ten reasons why renewable energy is taking the world by storm, and we could surely see why! Solar power will clean our air; get rid of fossil fuel and upgrade to clean, homegrown renewable energy.