Solar Panel Installation: The Benefits and Trends You Need to Know

1. The solar panel industry is growing rapidly. According to the Solar Foundation, the number of solar panel installation jobs in the United States increased by 66% between 2010 and 2020. (Source: Solar Foundation)
2. Solar panel installation costs have decreased significantly in recent years. In 2020, the average cost of a solar panel system was around $3.00 per watt, down from $7.50 per watt in 2010. (Source: Solar Power World)
3. Solar panels are an increasingly popular choice for homeowners. A survey by the National Renewable Energy Laboratory found that 66% of homeowners in the United States are interested in installing solar panels. (Source: National Renewable Energy Laboratory)
4. Solar panels can significantly reduce energy costs. The U.S. Department of Energy estimates that solar panels can save homeowners an average of $840 per year on energy costs. (Source: U.S. Department of Energy)
5. Solar panel installation can increase the value of a home. A study by the Lawrence Berkeley National Laboratory found that homes with solar panels sell for an average of 4.1% more than comparable homes without solar panels. (Source: Lawrence Berkeley National Laboratory)
6. Solar panels are durable and have a long lifespan. Most solar panels are warrantied for 20-25 years and can last even longer with proper maintenance. (Source: Energy.gov)
7. Solar panel efficiency has improved significantly over the years. In the 1980s, solar panels had an average efficiency of around 12%, while today's solar panels can have efficiencies of up to 22%. (Source: EnergySage)
8. Solar panel installation requires minimal maintenance. Solar panels require very little maintenance and can last for decades with minimal cleaning and periodic inspections. (Source: Energy.gov)
9. Solar panel installation can be eligible for tax credits and incentives. The Federal Investment Tax Credit allows homeowners to claim a credit of 26% of the cost of their solar panel system on their federal taxes. Many states also offer additional incentives for solar panel installation. (Source: Energy.gov)
10. Solar panel installation is a growing industry. The Solar Foundation estimates that the number of solar panel installation jobs will continue to grow, with an expected increase of 10% in 2021. (Source: Solar Foundation)