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Renewable Energy Trends to look out for in 2019

Let’s review some of the trends to look out for in 2019.

Renewable Energy Trends to look out for in 2019

Few industries have the kind of accelerated growth that the renewable energy sector enjoys. Over the next twelve months, we’re expecting to see new advancements in energy storage, continues changes in solar panel technology and pricing, and the impact on installation capacity, our homes, and businesses.

Let’s review some of the trends to look out for in 2019.

Energy Storage

One of the biggest areas of innovation within the solar energy sector relates to the storage and use of excess energy. For homeowners, when they’re at work, their system is generating power and storing energy that can be used when the sun goes down. We’ve already started to see utilities in Europe begin to make bigger investments in energy storage, with more ramping up. As more investment takes place, so will the innovation, meaning better technologies for businesses and homeowners.

Cheaper (and Better) Solar Panels

The more businesses and homeowners turn to solar energy to reduce their energy costs and carbon footprints, the more cost-effective solar energy is going to become. In fact, solar PV costs have dropped by nearly 73% since 2010 as reported by the International Renewable Energy Agency and will continue to fall. That means more savings and more opportunities for those both with and without solar systems currently installed. The only thing better than that? Solar energy may soon start undercutting fossil fuel by 2020, meaning more money in the pockets of those on net metering programs.

Boost Your Home Value Higher

Those with solar systems and energy storage units are only going to see their home value increase. As solar panels become cheaper to install, and energy storage provides power even when the sun isn’t shining, there will be countless dollars that won’t be leaving your wallet. Want to get a solar system for your home, but not quite sure if your current home is right for you? This investment will boost your resale value, make your property energy efficient, and provide an additional energy stream to the new homeowner – that means selling at a premium for you!

See a Trend We Missed?
Have your eye on an upcoming trend that we missed? Interested in taking advantage of solar energy now or planning to take the plunge in 2019? Send us a message through the form below or on social media and start the conversation today.

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