Will Americans Panic-Buy Solar Panels During the COVID-19 Pandemic?

by Apr 12, 2020Commercial Solar Power, energy, EV Charging Stations, industry news, Uncategorized

In the face of the COVID-19 pandemic, everyone reacts in different ways. Depending on where you are, you might be facing a shortage of toilet paper, alcohol, canned goods, or, in the case of Australia, solar panels. Smart Energy in South Wales reports a 400 percent increase in potential customers just in the last two weeks. Some in America are wondering if their country will face the same problem. At Kosmos Solar, we’re always happy to see more homes embracing solar power, but is now the time for mass amounts of solar panel purchases?

Why are People Panic-Buying Solar Panels?

It can be hard to imagine why so many people would suddenly become interested in solar power, but the reasons aren’t as inexplicable as you might think. Some of these purchases are coming from homeowners who are losing their trust in the infrastructure and have decided to go off the grid. These extreme preppers see a terrifying situation all around them, and they’re looking for an escape. On the other hand, some panic-buyers are rushing on the solar panel market as a backup to their regular electricity.

Solar Energy as a Backup

The current state of the world can be terrifying, and the news might only be making it look worse. In this state of international panic, it isn’t unreasonable to prepare for something to happen to the official electricity channels. Commercial businesses often have battery or diesel generators on hand in case of power outages, but how does solar energy compare as a backup?

For solar energy to be a viable backup option, the home needs to have regular exposure to the sun, and they need to be able to store energy for use at night or on overcast days. Still, solar panels are a better option for the environment, and taking steps towards using solar power can help you get used to the idea, and you might even decide to transition to exclusive, or near-exclusive use of solar energy. Investing now can even increase the property value of your home when you decide to sell.

One of the key factors in the success of solar power in Australia has been the incentives the market gives for consumers to make the switch. Although the U.S has a federal tax credit for people who install solar panels on their homes, the benefit has been nulled by a tariff issued in 2018.

Make the Switch with Kosmos Solar

If you’d like to reduce your energy footprint, increase the property value of your home, and cut down on your electric bill, it might be time to consider investing in solar power for your home. With Kosmos Solar, making the switch is easy. When you request our services, we’ll evaluate your home and help you decide on the best place to mount your panels. Our team will tell you everything you need to know about the installation process, and we’ll tell you how to keep your panels running smoothly for as long as possible. If you’re looking to make the switch, do it right with Kosmos Solar.