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Solar Energy Trends That Will Rule in 2023

Solar Energy Trends That Will Rule in 2023

Feb 21, 2023

Blog Team

About 3.2 million homes in the USA have solar panels installed. The country relies on 3.9% of solar energy, the current requirement of which is increasing rapidly.

Solar energy has become one of the center points of focus on saving and conserving the use of fossil fuels. Solar power alone has helped reduce power consumption and rising bills.

This year brings along with it some trends to look out for when using solar energy.

These five solar energy trends are going to take 2023 by storm

We’ve enlisted five trends that 2023 will witness all year round.

1. Increase in the use of solar-plus-storage

The cost of solar panels and batteries is decreasing, encouraging homeowners and businesses to invest. So, solar-plus-storage systems are rising on the sales scale as this equipment is used to store excess solar energy. More and more people are buying solar-plus-storage systems so they can use the sun’s stored energy during the night and on cloudy days.

2. Sharing solar energy and off-the-grid benefits

Homeowners and communities that can’t afford to buy solar panels individually are opting for shared solar. Shared solar allows them to share the benefits of a single solar panel system without the hassle of installing a separate solar panel system on their property. Communities can also make solar power more accessible by promoting environmental awareness and community engagement.

Furthermore, there are communities and rural areas not connected to the solar power grid. So, the use of off-grid solar is also expected to increase this year. It can bring electricity to remote and rural areas, supporting economic growth and development.

3. More use of solar energy in Asia and Africa

As mentioned, solar panels and the usage of the sun’s energy are becoming more and more affordable. It is becoming a viable and feasible option in countries that typically depend on fossil fuels for generating electricity. So, you can expect Africa and Asia to significantly rely on solar panels to generate power for them this year.

4. Versatile applications for solar energy

With affordability coming into the picture, there is yet another benefit, which includes using solar power for other applications. Apart from generating electricity, solar technology is now also being used for air conditioning purposes and water purification.

This means that these two amenities that a majority of homeowners enjoy are now likely to become affordable. The power consumed in purifying water and using the AC can get quite high, not to mention astronomical power bills.

Many households and companies as well have to use more than one air conditioner across several rooms. Organizations use more than one water purifier across several floors in the same building. This means that generating power to run these appliances requires huge consumption of electricity. With solar technology, these challenges are overcome to a large extent.

5. Increase in incentives by the government

With the aim to encourage the use of solar energy, we expect to see the government offer incentives and subsidies to develop further interest in the use of solar energy. This makes using solar energy a viable option for many people, including larger groups like companies, hospitals, and so on.

In addition, you can expect new financial models like crowdfunding and micro-financing options to avail. This can be expected to emerge in 2023 to make solar energy more accessible.

With the rising trend of the consumption of solar energy, one can expect a reduced usage of fossil fuels. With the decrease in dependence on fossil fuels, one can look forward to the improvement of energy security, and support its transition to a more sustainable future.