A Look Ahead: Solar Power in 2022January 3, 2022
The solar power industry seems to always be in a state of growth. The very nature of solar power and the technology created to harness the sun’s rays pushes cutting-edge advancements and innovation in pursuit of greater energy efficiency.
As such, and as solar power experts and advocates, we are always looking towards the future. So today, let’s look ahead and see what 2022 may have in store for the solar industry.
A Predicted Record Breaking Year For Solar Power (And Green Energy)
2022 looks to be a record-breaking year for the solar power industry and for green power overall. With the growing support for environmentally sustainable energy sources to help fight back against climate change, it seems that green energy is receiving a lot of attention and support.
A report from S&P Global Marketing expects that, “as much as 44 gigawatts of utility-scale solar, and 27 gigawatts of wind to come online next year. For solar, the forecast is nearly double 2021′s estimated 23 gigawatts of new capacity.
The S&P report further predicts that more than 8 gigawatts of battery storage is expected to be installed throughout this year.
“US utility capex is expected to remain on the upswing, with investments in upgrading and modernizing the country’s aging energy and water infrastructure reaching $63 billion and utility renewables spending surpassing $14 billion in 2022.”
Continued Support From The Current Administration
With massive infrastructure and energy revitalization efforts at various stages in Washington, the push for cleaner, more sustainable, and efficient energy seems to be stronger than in years past. If the current administration’s lofty goals are met, this could create positive growth within the solar power industry and the market it supplies.
The report from S&P continues to report that “if the current administration is successful in putting the U.S. on a path to 100% decarbonization of the energy sector by 2035, these record-setting projections are just the beginning.”
According to the White House’s own fact sheet, “on day one, President Biden fulfilled his promise to rejoin the Paris Agreement and set a course for the United States to tackle the climate crisis at home and abroad, reaching net zero emissions economy-wide by no later than 2050.”
If these high-reaching promises are followed-through, we could potentially see a massive positive shift in the production of sustainable energy and the environment around us.
A Surge of Jobs In Solar Power
Solar power also has incredible potential to stimulate both the local and national economies.
We all know that solar power can help possibly lower your energy bills month after month, but the solar industry also helps take the strain off your local grid and, perhaps most importantly, creates jobs.
The U.S. The Bureau of Labor Statistics predicts that the “employment of solar photovoltaic installers is projected to grow 52 percent from 2020 to 2030, much faster than the average for all occupations.”
In addition, “about 2,300 openings for solar photovoltaic installers are projected each year, on average, over the decade.”
A Brighter, Solar-Powered 2022
With the above predictions and estimations, we believe that the solar industry has a bright, innovative, and successful future to look forward to. And hopefully, we can do our part to help combat climate change, reduce carbon emissions, and help stimulate the local and national economy.
If you’re thinking about joining the solar-powered world with a home solar system of your own, please reach out to our offices today, and we’ll help get you started.