Will the epidemic affect the solar industry?

Time: 2021-03-17 Source:EastLux

A large number of reports and data show that solar energy has been booming since it entered the market. Solar net power generation accounts for an increasing share of each country’s total power generation. 2018 and 2019 are two consecutive glorious years for the solar energy industry. With the large-scale expansion of public utilities and the increasing popularity of residential solar energy, a large number of research reports predict that the solar energy industry will achieve higher growth in 2021.

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What are the development trends of solar energy in 2021?

Utility-scale solar equipment has always been the main goal of solar energy in the development of the industry. A variety of new technologies have been invented and used in the solar energy industry, thereby continuously reducing the cost of solar energy, thereby effectively promoting the growth of the industry. The main source of solar energy is renewable energy. With the continuous exploration of renewable energy, the efficiency of solar energy is constantly improving. Energy experts further predict that renewable energy will grow by nearly 50% in the next five years. This means that by 2025, solar energy may lead the world. This gratifying growth has enabled 3,000 utility-scale solar power plants to power tens of millions of homes, making people more aware of the benefits of the solar energy industry to the lives of residents.


Why are experts so optimistic about solar energy?

 With the intensification of epidemics in Europe and the United States, most people have to stay at home, which has led to a rapid increase in household energy consumption. In the face of rapidly increasing household expenditures, more and more homeowners are willing to install rooftop solar photovoltaic systems. According to the survey, more than 60% of homeowners are considering installing solar panels. Fortunately, less than 10% of them already own solar panels. This means that solar installers have huge opportunities to expand this market. Not only the market has huge potential, but investors are particularly optimistic about the prospects of solar panels. Various factors indicate that the solar energy industry is in a new period of development. There is no doubt that the solar energy industry will continue to maintain strong growth in the next ten years and beyond.


I sincerely recommend that you choose EastLux Solar

 In order to provide high-power power generation to utilities and residential solar users, Eastlux has launched smart photovoltaic solutions. The solution uses high-efficiency double-sided photovoltaic modules to improve product flexibility and return on investment. Eastlux will definitely bring you valuable solar panels.