Midland Solar Blog

The sunburned country of Australia has always been blessed with abundant sunshine. But today, this sun isn't just giving us beautiful beach days; it's offering homeowners an invaluable resource ,Solar energy.

According to a report by Allied Market Research, the global solar market was valued at $52.5 billion in 2018 and is expected to reach $223 billion by 2026. That's an annual growth rate of 20%!So what is driving this growth? And what can we expect from the solar industry in the future? Here are five trends to watch out for.

You might not expect Hyundai (the most prominent car manufacturer in South Korea) to be in the green energy business. But Hyundai isn't just in the business of solar power — they also make some of the best solar panels in the industry.

In this age of advancement, the solar industry has proved to be one of the best long-term investments. We see a rapid increase in the manufacturing of solar panels with each passing day. People get attracted to the cost-effectiveness of solar energy over conventional means of electricity. 

The cost of solar panels in Australia has tremendously diminished of late. These days, solar panels are esteemed wherever from under 100 dollars to as much as 500 dollars each. The cost of solar panels depends upon various factors which will be explained here. It's indispensable while picking the best size of solar panels to use for your solar power structure foundation to recollect two or three critical factors.

In recent years, population growth has been observed all over the world, particularly in emerging economies with weak economies. Population increase is strongly linked to a rising energy scarcity. Because a country's economy and energy consumption are intricately linked, the energy demands of these developing countries rise in lockstep with their economies. Global commercialized energy consumption is anticipated to increase by 44% between 2006 and 2030, showing a fast increase in energy demand. Only the development of renewable energy resources will be able to supply the growing demand for energy.

Ground mounting is generally associated with commercial solar installations; however, its cost-effectiveness is the same for residential facilities. Ground mounting can be a bit costly than roof mounting but it offers many positive aspects that you may not find in the roof mountings in hindsight. For instance, if your roof doesn't provide an ideal spot for installation, it would eventually affect your solar panels' overall productivity, and that could cost you a lot over time. However, it can be overturned by switching to ground-mounted solar systems. These systems are easily installable in any given landscape. And they might save you a fortune in the long term.