IEA Confirms Solar is Now ‘Cheapest Electricity in History’​

In 2020, the International Energy Agency (IEA) released its World Energy Outlook report. This annual report is a treasure trove of insights and analysis on the global energy landscape – exploring everything from electricity generation, to demand for oil and gas, to renewable energy growth. The long-awaited 2020 report confirmed that solar is now ‘the cheapest electricity in history’. This means that homeowners who install solar panels (PV) can save a significant amount of money on their energy bills. The news came at a time when global warming and climate change awareness is at an all-time high, and people are looking for ways to reduce their environmental impact.

Solar energy is now the cheapest form of electricity in history 

Solar energy has come a long way since its early days. With the constant advancements in technology, the cost of harnessing this renewable energy has decreased significantly. In fact, solar energy has become the cheapest form of electricity in history. This is due to the declining costs of photovoltaics, the technology used to convert solar energy into electricity. The price of photovoltaic modules has dropped by over 90% since 2009 and is expected to continue decreasing. The increase in solar panels has also led to the creation of new jobs in the industry. As solar energy becomes more accessible, it can serve as a sustainable alternative to traditional forms of electricity. By harnessing the power of the sun, we can decrease our reliance on fossil fuels and combat climate change.

The Environmental Benefits of Investing in Solar Energy

In today’s world, the only truly sustainable way forward is with renewable energy sources. Solar energy is one such option that offers numerous environmental benefits. Firstly, it is a clean source of energy that produces zero emissions, which means it does not contribute to the air pollution that plagues our cities. Secondly, it does not consume any finite resources, unlike traditional energy sources like coal or gas, which are non-renewable and will eventually run out. Lastly, it reduces our carbon footprint greatly, which is essential in our fight against climate change. Investing in solar energy not only benefits the environment but also our future generations. It is a step towards a cleaner, greener, and more sustainable world.

The Impact of Renewable Energy Suppliers

Renewable energy sources, such as solar, wind, and geothermal, prove to be a cleaner and more sustainable alternative to fossil fuels. However, for a long time, many considered these sources of energy to be too expensive for widespread use. Fortunately, renewable energy suppliers, such as Ecowise Renewables, are changing this perception. By providing cost-effective and accessible renewable energy solutions, these companies are making it easier for households and businesses to convert to clean energy. In doing so, they are also helping to reduce carbon footprints and advance the transition to a sustainable future. The impact of renewable energy suppliers is becoming increasingly evident as more people make the switch to renewable energy.

Cost-Effective Steps for Homeowners to Switch to Solar Power 

As more people are looking to reduce their carbon footprint and save money on energy bills, switching to solar power is an attractive option for homeowners. However, the initial cost can be daunting. Fortunately, there are cost-effective steps that can be taken to make the transition to solar power more affordable. One such step is to start small with a solar-powered water heater. This can save homeowners up to 80% on their water heating costs. Additionally, choosing to lease solar panels instead of purchasing them outright can also be a more cost-effective option. Another way to save money is by optimising energy usage through the use of smart home technology and energy-efficient appliances. By taking these steps, homeowners can make the switch to solar power without breaking the bank.

Renewable energy sources becoming more widely available than ever

As technology advances, the use of renewable energy sources has become increasingly prevalent and affordable. With advancements in production methods and increased availability of resources, support for these types of energy sources is growing worldwide. This is particularly evident in the reduction of costs associated with renewable energy sources like wind and solar power over the past decade. As a result, these industries are experiencing significant growth and investment, making them more accessible to a wider range of consumers. With traditional fossil fuels becoming more expensive and detrimental to the health of the planet, renewable energy is becoming not only a practical alternative, but a desirable one. Investing in solar panels and battery storage systems are some of the most cost-effective steps homeowners can take right away to become part of the renewable energy revolution.  Get in touch to learn more about solar panels Essex or the across the UK.

Contact Ecowise Renewables Today 01277 355845