Green Future Outlook: Solar Energy Trends for 2022

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Solar technology has been around for decades. However, over recent years it has ramped up in popularity. In fact, did you know that the COVID-19 pandemic increased the solar panel industry’s popularity?

Experts believe that more people switched to solar energy because more people stayed inside at home for months. Unfortunately, this led to high energy costs, which had people looking into their electricity bills.

The cost of electricity continues to rise, and within the last 5 years electricity has gone up by about 4%.

So, with the recent rise of solar energy, it may have you wondering, what are the solar energy trends for 2022? Keep reading on to learn more about our green future and the solar industry trends.

Solar Power Demand Leading to More Job Opportunities

If working in the solar energy industry interests you, you are in luck. In the United States, there are over 200,000 workers currently in the solar energy industry.

With the continued demand for solar energy, these jobs are in high demand. This leads to a high level of job security.

There are three job sections in solar energy:

  • Manufacturing
  • Installation
  • Maintenence

All three of these roles are expected to see significant growth in the next 10 years. For example, according to the Bureau of Labor Statistics (BLS), the solar panel installation industry alone is projected to grow 52% from 2020 to 2030. This is a much faster rate than other occupations.

The BLS predicts that there will be approximately 2,300 job openings for solar panel installers every year for the next decade.

They expect these openings are due to workers needing replacing from changing jobs or leaving the workforce due to retirement. So, if you are looking for a stable and reliable job, a career in the solar energy industry may be for you.

The Rise of Solar Companies Is Lowering Prices

One significant benefit of switching from traditional energy sources to solar power energy is the savings over time. In addition, the right solar installation company can potentially save you hundreds of dollars on your monthly utility bills.

However, one downside that prevents many people from switching is the high upfront costs of solar energy. Luckily, in 2022 and beyond, the high price of solar power is expected to decrease, making it more affordable for more people.

Futurism expects solar energy prices to drop another 25% in 2022. In addition, it’s predicted that solar energy prices will continue to decline at a rate of approximately 4.4% every year.

The prices are dropping steadily due to the globalization of resources and tools.

Last year solar energy was at the lowest price it has been. In addition, the International Energy Agency (IEA) is currently the lowest-priced source of electricity for certain parts of the world.

Green Future

The future of renewable energy sources is looking bright. More people are saving money on their utility bills and helping the environment, so solar power demand increases.

The rise of solar companies is impacting our green future and the 2022 solar trends.

If you are interested in learning about other career trends for 2022, check out our other articles under the employment section of our blog today.

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