Hello there, solar enthusiasts! Today I’m incredibly excited to discuss a topic that’s been on the rise – the secondary market for solar modules which presents low-cost buying opportunities. It’s encouraging to see how quickly this industry has grown, and the potential savings this option offers for those considering solar panels for their home. This is excellent news for our wallets and the environment!
A recent report from EnergyBin took a detailed look at the pricing comparisons and trends within the solar panel secondary market. For those who are new to solar lingo, the secondary market is the place where solar companies sell gently used solar modules, often at a reduced cost. It’s a great way to make solar more affordable and accessible.
Diving into the data, trends show that investing in solar has never been more feasible. The lower costs from the secondary market make it easier for homeowners to pursue the installation of a solar array for their home—a worthwhile consideration for any eco-conscious homeowner. Not only does a home solar array reduce dependency on traditional electricity sources, but it can seriously cut down on those monthly utility bills. It’s a win-win!
Aside from the cost advantage, it’s also interesting to consider the long-term performance of these solar modules. According to the U.S. National Renewable Energy Laboratory (NREL), the long-term degradation of 8 GW of U.S. solar ‘matches expectations’. Essentially, this means that both new and used modules are performing just as anticipated by solar companies.
In the face of extreme weather conditions such as flooding, high winds, hail, wildfire, and lightning, most photovoltaic (PV) systems have shown minimal negative impact. This reflects positively on the resilience of solar setups, reassuring those considering solar panels for future energy needs.
Additionally, some inspiring news is coming from unity efforts of the Native American tribes, two states, and the U.S. Government. Together, they have agreed to replace the energy now produced by hydroelectric dams, which could lead to the restoration of native fish populations. It’s a great example of the potential renewable energy has to not only meet our needs but also regenerate our ecosystems.
Moving forward, the rise in the secondary solar market further illustrates the reduction of dependence on fossil fueled electricity. It’s a great time to invest in renewable energy, especially if you’re considering solar panels for your home.
It is clear that solar is more than just an industry—it’s a team sport. Every solar array for home usage installed, every person who chooses to invest in this renewable energy, and every one of us committed to spreading the word about solar, is pushing us towards a better, cleaner future.
So the next time you’re talking to friends, family, or anyone looking to make the switch to renewable energy, don’t forget to mention the benefits and opportunities in the secondary solar panel market.
Original Article: https://pv-magazine-usa.com/2024/01/30/sunrise-brief-the-fossil-fuel-retirement-boom/
