Interest in residential solar panels has been steadily rising for years, as more homeowners recognize the economic and environmental benefits of a clean energy solution.
However, according to Forbes magazine and an interesting economic theory that dates back to the 1960s, America may be about to undergo a solar surge that will transform the way many of us power our homes.
In 1962, a researcher named Everett Rogers stated that when 15% of people accept an innovation, it would quickly spread to 60% of the target population. We’ve seen this theory borne out in such innovations as DVD players, cell phones and home computers.
Guess where residential solar usage is sitting in states like California, Arizona and Hawaii? Yes, that magic number has been hit – and in some of these markets it has already surpassed the 15% threshold.
Is the boom coming in 2017? Or will the industry continue to enjoy slower but steady growth? No one can say for certain, though certainly the situation will be closely watched by utility companies, who have a lot to lose if there is a mass exodus toward solar power.
Consumers, by contrast, have a lot to gain when they become solar homeowners: start with savings of $100 or more every month off ever escalating power bills. Over 20 years, that adds up to more than $30,000.
Residential solar panels are a secure investment that will increase a home’s value. And they are guaranteed to perform as promised for up to 20 or 25 years – though most function near optimal levels for much longer than that.
Next year could be a huge one in the history of solar panel adoption in the United States. If you’re thinking of joining the thousands that will convert to solar energy next year, Precis is the place to start. Talk to one of our representatives today.