These are our top picks for where we see the solar industry moving this year.
Changes in Cost
According to SEIA, solar system prices as of Q1 2019 are at their lowest levels in history across all market segments, dropping from $40,000 in 2010 to roughly $18,000 today, and we don’t expect that to slow down any time soon. Add incentives and rebates to that price and it’s clear why more and more people have been looking into solar power as of late.
We can expect even more grid parity with traditional sources of energy like coal and nuclear power causing solar PV markets to continue to grow all over the world.
The low cost of solar will continue to make it the go-to energy source for developing countries where we have seen the continued adoption of solar energy, especially in isolated areas where extending existing grids isn’t necessarily a good choice financially.