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Solar Power Industry Thrives While Coal Companies Struggle

According to EcoWatch, the solar power industry added 14,000 new jobs last year, and the industry will employ an additional 20,000 Americans by the end of 2014. Solar power is creating jobs and strengthening the economy, all while providing a sustainable alternative to fossil fuels. Best of all, technologies like those offered by Solar FlexRack are making solar panel systems increasingly cost effective and efficient to install.

What does the future of solar power look like, and how are solar panels and solar mounting systems promoting sustainable energy?

The Future of the Solar Power Industry

Things are bright for the solar power industry, and they keep getting brighter. According to the Energy Information Administration (EIA), solar power production is likely to increase by as much as 150% (and that’s without government endorsement). In fact, solar power, including solar panel roof mounts, may very well replace coal and traditional fossil fuels, and sooner than some people might think. Here are some of the facts behind this shift:

  • Coal is on its way out. Coal companies are making dramatic cuts. The fossil fuel industry eliminated 4,000 jobs in 2012, and, from 2008 to 2013, coal companies’ value dropped by as much as 75%, according to EcoWatch and Ecoworld.
  • Solar power is becoming increasingly affordable. Thirty-five years ago, solar energy was expensive, running approximately $75 per watt. Today, however, solar energy costs only $.75 per watt. In other words, prices are comparable to fossil fuels, and may very well drop as the technology becomes even more widely available.

An Eco-Friendly Alternative

Solar energy taps into a virtually unlimited resource (the sun), and it produces energy in entirely clean, and environmentally friendly, ways. By contrast, coal waste and residue is the second most common material in today’s landfills, and fossil fuels produce acid rain, often releasing toxins and carcinogens.

As the coal industry continues to dwindle, technologies like the unfolding solar racks from Solar FlexRack are making solar installations faster, more efficient, and easier for companies to use.