Why solar is the most cost-effective option for energy in 2022
Not too long ago solar energy was the most expensive of all, however, this has changed at an unprecedented pace as the price has dropped by 90% in just the last 10 years. Beating other renewable sources of energy such as wind and geothermal to the top; solar energy is now the cheapest form of energy when measured in the cost of MWh (Megawatts per hour).
Originally solar panels were only used in niche areas such as for satellites, however, it didn't take long for technological improvements to come around leading to solar being one of the most viable options for an energy source in today's world.
As the demand for solar increased, due to its use in new sectors the supply followed after and in strong amounts, this caused the price to steadily decrease at an astounding rate over the years to the point where it is now the most value for money option in the world of energy.
On the other side of things, fossil fuels haven't been able to match the progress of their more eco-friendly counterparts. Coal now only contributes to a fifth of generated power meanwhile solar keeps making impressive improvements year after year, only 15 years prior coal contributed to half of the share of energy generated so it is clear how solar and other renewable sources are taking over.
Evidently, right now is the perfect time to join the solar movement, and who better than Helix Solar to install solar panels on your property.
Contact us on our contact page right here on this website to enquire.
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