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The residential solar energy market is currently 2% of single family dwellings (SFD) in the state of California. With the market really opening up in 2001 with the introduction on Net Energy Metering (NEM). Homeowners were now able to back feed their electricity on to the grid, and store excess power on the grid without having to pay thousand of dollars for battery and charging banks. Since then the solar market has consistently grown 30-40% a year. At this pace the solar energy market would cap out in 15-20 years and turn into the roofing business with inventory rolling over every 25-40 years. I estimate the solar energy business to become 60% of residential SFD's by the year 2030-2035. Not every home needs solar, or can support the infrastructure needs to go solar. Solar homes in the market today are $150 average monthly electric bills and above, have good sun exposure, good credit to finance or lease the solar system, and have a good amount of roof space to install the necessary amount of solar energy modules/panels needed to support the homes need. If you can only put one panel on your roof, then solar won't make sense for you. If you don't have good credit, you won't get approved to put the panels up on your roof. If you don't have a high electric bill solar won't make sense from a financial stand point. There is a few limiting factors that will defer or limit the amount of homeowners who can and want to go with solar energy to save money on their monthly electric bill. Your utility company loves solar, because they provide electric production exactly where they want it, where they sell it at you and your neighbors home! Utility providers will eventually have to charge a monthly service charge to solar customers allow them to use their utility grid as a storage bank. As of today homeowners that get Net Metered are grandfathered in to a no service fee utility agreement going forward. I would estimate that service charge to be in the monthly $10-$15 range, because most of their utility's costs come from the generation and transportation of electricity. Either way you look at it, solar energy is here for good, and homeowners who get solar first will see the most benefits with incentives and future savings. For a free consultation to learn more please contact Poweraid Solar at (855)4MY-SOLAR or (949)387-3998 www.poweraidus.com
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