If you are wondering, Is it still worthwhile to invest in solar panels in 2021? Yes, in a nutshell. Rooftop Solar power Systems are sleek and can blend into your home’s design while allowing you to generate your own energy.

However, it’s understandable that the prospect of going solar causes some trepidation. What’s important to know is that this technology is becoming more mainstream, making it less intimidating to the general public. Every day, more people are opting for solar, and the technology improves year after year.

Future of Solar energy At-a-glance

• In the United States, solar energy is the fastest-growing energy source, with a 100 percent increase from 2000 to 2021.
• In 2018, renewable energy accounted for more than 17% of net electricity generation in the United States, with hydropower (7.0%) and wind power (7.0%) accounting for the majority (6.6 percent).
• Solar generation (including distributed) is expected to grow from 11% of total renewable generation in 2017 to 48% by 2050, making it the fastest-growing electricity source in the United States.
• In 2016, renewables accounted for 24% of global electricity generation, with hydropower accounting for the majority of this (16 percent).
• In 2020, solar energy accounted for 26.2 percent of global electricity generation. By 2040, that figure is expected to rise to 45 percent. Solar, wind, and hydropower are likely to account for the majority of the increase.
• In 2021, renewable ethanol and biodiesel transportation fuels accounted for more than 12% of total renewable energy consumption in the United States, up from 7% in 2006.

Future of Solar Energy in California 

California is consistently ranked as one of the best states in the country for solar energy production. Given California’s large population and high energy demand, it’s no surprise that the state has the most installed solar capacity of any of the 50 states with excellent Future of Solar Energy in California.

The Golden State is an ideal location for property owners who are considering installing solar panels because of pro-solar policies, plenty of sunlight hours throughout the year, and favorable solar incentives.

Solar Panels Installation in California policies, as the country’s largest market for rooftop solar panels, are frequently used as a model for other states looking to replace fossil fuels with renewable energy to combat climate change.

Also Read – The Future of Solar Power Energy in Los Angeles, California – What To Expect?

How Much Do Solar Panels Cost in California?

Solar panel installation costs in California range from $12,070 to $16,330 on average. A solar panel installation in California can cost anywhere from $2.41 to $3.27 per watt ($/W).

When considering solar panels, many property owners wonder how long it will take to recoup their initial investment through electricity savings. The solar payback period is the answer to this question. The average solar payback period in California is 5.97 years.

Also Read – How Much Do Solar Panels Cost in Fresno, California.

What Rebates and Incentives are There in California for Solar?

California is gaining a reputation for having some of the best Solar Panel Installer Services incentives and programs in the country. Learn why solar panels are such an excellent investment in California.

The federal Investment Tax Credit has been one of the most consistent and effective solar incentives in the United States. You can deduct 26% of the total system cost from your federal taxes with this solar incentive.

For example, a $15,000 out-of-pocket solar energy system installation will be eligible for a $3,900 tax deduction. This beneficial incentive will last until the end of 2022, after which the tax credit will be reduced to 22% in 2023.

After 2023, the federal ITC for residential solar energy systems will be phased out, but commercial solar energy system owners will still be able to deduct 10% of the cost of their system from their taxes.

Also Read – What Solar Subsidies are Available to California House Owners in 2021?

Conclusion-

California has taken significant steps to expand solar in the state. There is no better option for going Solar energy in California.