Coal, the long-reigning king of the U.S. power sector, was officially dethroned by cheap, abundant natural gas in 2016. In 2018, natural gas fueled more than 60 percent of newly installed electric-generating capacity and accounted for 35 percent of total U.S. electricity generation.
We’re happy to report some interesting news coming from the United States Energy Information Association (EIA). According to recent figures, electric power generated from coal has dropped a whopping 30% in 2020. This is following a year of record lows in the formerly dominant industry.
What’s the reason for this change? Better availability for alternative energy sources such as natural gas, wind, and (of course) solar.
Keep reading to learn how this affects you as a South Florida homeowner and why this is a big deal for the sector.
What This Means for the Future of Solar Energy
It might already sound obvious that clean energy is the way to go to help protect our planet. However, the coal industry has been around a long time and currently dominates approximately 90% of United States coal consumption. That’s why it is such a staple in the utility market and has been for many, many years.
The real catalyst for the switch to cleaner energy sources has to do with overall financial impact.
Simply put, it costs electric companies more money to burn coal thanks to increasing regulatory guidelines. In the end, it is cheaper to invest in a new method than it is to retrofit existing coal burning power plants to meet environmental standards. This is what is causing a drastic decline in the industry.
Why Now is the Best Time to Switch to Solar
As a South Florida homeowner, this might not sound like significant news or anything that affects your daily life. So, let’s put this into perspective.
Imagine your power company decides it costs too much money to burn coal. They switch to an alternative energy source like natural gas, which means changing all of the equipment and operating locations that they have. Somebody has to pay for all that, which ultimately goes back to customers in the form of surcharges over long periods of time.
See why this is a problem?
Now is an ideal time to switch to solar. By getting off the merry-go-round of dealing with the power company’s decisions to change their current standards, you give yourself the ability to save money, adopt an energy plan for your family that is better for the planet, and provides better reliability.
What’s not to love about any of that?
Make the Economical, Environmentally Conscious Switch to Solar with Vinyasun
Have you considered the switch to solar power, but aren’t sure where to begin?
At Vinyasun, we’re proud to be a South Florida industry leader. Please contact us today for a virtual quote or to learn more about what switching to panels can do for your home and budget.