Will utility companies integrate solar energy in the future?

Will utility companies integrate solar energy in the future?

Solar energy is growing each year significantly. As of this writing, more than 115 gigawatts of electricity are produced through solar power every day. It’s estimated that by 2030, solar energy will be one of the essential sources of power in the world.

In line with this data, various states and communities are already jumping into the wagon of solar energy. However, it remains inaccessible to some places as providers and contractors continue to neglect solar energy use.

Traditional electricity production and solar power

Today, solar power remains just an emergency source of electricity for most households and communities. Residents with a decent supply of solar energy tend to store them on heavy-duty batteries should their electricity lines get cut off due to various weather conditions instead of using them every day.

Aside from this, some residential solar power projects remain on-grid. While their solar panels can produce enough electricity to power up an entire household, they are still connected to their appliances and electronics through electric lines from utility providers.

The use of solar power and the electricity provided by utility companies is not wrong. On-grid solar projects are deemed safe and effective. However, it reduces the possibility of maximizing the use of solar energy on a full scale.

Will utility companies integrate solar energy in the future?

There have been talks in various states and major cities about integrating solar energy production with major utility companies.

One of the reasons for this primary shift is that it’s deemed efficient in the business sector. The use of solar power can cut a company’s expenditure by almost 40%. So, large businesses are pressuring utility companies to integrate solar energy into their services.

This move can make solar energy more accessible. It can be beneficial to homeowners interested in using solar panels to power up their houses. However, this can also mean increased prices in the installation and maintenance of solar energy.

Nevertheless, it can still give homeowners considerable savings, and it’s more beneficial for the environment.