Solar energy has been one of the most impactful technologies of the last century. It continues to have a great influence in both the developed and developing world. This trend is unlikely to change is 2016. There are some trends that the industry expects this year, most of them will be positive and some not so positive.
One thing that people can expect is the shakeup in the suppliers of solar panel equipment to homes. This is due to the high level of competitiveness in this industry. For a list of some of the best solar panel providers for residential and RV use be sure to check out talcoelectronics.com. The huge industry players have unfortunately not been able to evolve with the market needs. As a result, they will lose out to smaller upcoming organizations that go to the heart of what the clients wants.
Another trend will be more subsidies from governments around the world for solar power. The past few years have definitely been great for solar power. With the realization of the potential this industry holds, most governments are encouraging growth. They realize it could be the next big thing in energy supply. Furthermore, past subsidy programs into solar power have borne positive results.
Solar penetration is expected to grow by more than 20 Gigawatts globally. Most of this growth will come from the developed nations. However, the developing nations such as India are expected to make huge contributions to the growth of solar power. Generally, the growth in solar power use is going to be larger than it was in 2015. This is mostly because most governments are expected to increase the subsidies available for this industry.
There is expected to be a relative stability in the demand and supply of solar power components. However, there might a slight undersupply, which will be corrected by the end of 2016. This is due to ongoing projects meant to increase the supply of solar components. However, the cost of solar panels is expected to drop further this year. This is because of technological innovations that will be implemented this year. In addition, there is a lot of competition in this industry as of now.
Lack of proper information in the solar industry will continue to plague it. This is because there is a lot of completion in the industry. As a result, installers only inform customers of a few options available to them. However, this could change later on as the industry becomes more regulated. As of now, misinformation is thriving in this industry. Customers are not getting the best from the industry.
One trend that will be influenced by solar is the reduced consumption of coal fuel. This is as a direct result of the use of solar power. The use of solar panels is also expected to go up significantly this year. Besides that, more industrial scale installations of solar panels will continue to come up. Generally, this will be a great year for solar panels. There will be increased penetration in all areas and more awareness that it holds for people.