Energy Market - The Time To Embrace Solar Energy

If you follow the solar news circuit, 2018 was often touted as “The Year of Electricity.” And although the phrase is quite marketable and catchy, it is hard to tell if 2018 really was “The Year of Electricity” until we could sit back and see what 2018 looked like. And according to the International Energy Agency, 2018 was transformed by the rise of renewable energy. In the energy market, that means a lot.

The IEA

Photo Credit: IEA.org

First, who is the International Energy Agency? The IEA is a Paris-based autonomous intergovernmental organization established to ensure

reliable
affordable
clean energy

for its 30-member countries and beyond. The organization is supported by a range of standing groups, committees, and affiliated groups from business and industry world-wide that is presided over by a Governing Board. The IEA is an important player in global energy positioning.

A Shift in the Energy Market

In a recent presentation by IDEA’s Executive Director Dr. Fatih Birol, it was stated that, “Electricity has been the fastest growing element of demand and is set to grow much faster than energy consumption as a whole over the next 25 years.” Plus, the global electricity supply is being transformed by the rise of renewables, such as solar. Compounded by the fact global living is being digitized, the need for electricity is higher than it ever has been and is only expected to grow. Electricity is increasingly the “fuel of choice for meeting the energy needs of households and companies.”

The Future is Solar

There is no doubt that the dependence and demand for solar energy is not going away. The cost of residential and commercial solar installation is at a historic low and the cost of electricity continues to rise. The world’s energy is shifting into that of renewables. It only makes sense to take advantage of the solar phenomenon in your own neighborhood and go solar. One phone call is all it takes to learn what you can do become part of the global shift to renewable energy.