Why It’s a Great Time to Invest in Solar Despite the COVID-19 Pandemic
The coronavirus, known as COVID-19, is currently putting most industries to the test. Among them is the solar industry, which has been growing continuously over the past several years. Then, this pandemic happened.
As of the latest update, there are already 800,000+ cases and 38,000+ deaths worldwide as of the end of March 2020. Australia has more than 4,500 cases with 19 deaths. There is still no effective vaccine or treatment for this virus.
As COVID-19 persists, renewable energy, including solar power, is in crisis. For one, several factories have shut down in China. These interruptions are temporary. The good news is that some parts of the country are already restoring their operations. However, there is no denying that they have disrupted supply chains around the world, including solar panels. As a consequence, the progress for clean energy has halted, not just in Australia but around the world.
The Real Effects of Coronavirus on the Solar Industry
It is not surprising that the spread of COVID-19 will slow down the rate of growth of solar energy. For the first time in a long time – perhaps since the 1980s – the industry is facing a significant blockage towards advancement.
Two huge solar panel manufacturers, namely Canadian Solar Inc. and JinkoSolar Holding Co, have announced that their stock prices dwindled by double digits. According to the prediction of the research firm Bloomberg New Energy Finance, solar power capacity would increase anywhere from 121 to 152 gigawatts this year globally. However, a new report from the same group was released, announcing that the growth may just be from 108 to 143 GW.
EasySolar’s Approach to Coronavirus Safety
The COVID-19 crisis perseveres, and our company, EasySolar, would like to share some updates about how we address the issue. Surely, it is a situation that continues to evolve rapidly. EasySolar is putting its attention to three main things:
Keeping Everyone Safe
We set our primary focus on people: our staff, as well as the other employees under the solar industry. Millions feel the impact of this pandemic in Australia and the rest of the world.
EasySolar is always taking all the necessary steps to make sure all the members of our staff follow the latest guidance from numerous agencies and groups. They are the Australian National Centre for Disease Control (CDC), the World Health Organisation (WHO), and the Department of Health of the Australian Federal Government, among others.
Continuing Our Mission
EasySolar wants to fulfil the mission of becoming a leader, not just as a supplier and installer but as a solar advocate. We take active steps to respond to the COVID-19 situation. No matter what takes place, we want to keep going, particularly in showing our steadfast support for the industry.
It is one of our goals to ensure the solar industry is well-protected. We value its current position in the global market, and we would like for it to continue thriving. EasySolar is devoted to keeping solar’s strong position nationwide. We are committed to the industry and everyone involved, including our workforce.
We cannot deny that this pandemic is affecting several trades, including solar. However, we ensure our existing and future customers that EasySolar will remain competitive in the face of COVID-19, as well as its aftermath.
Continuing Our Services
Much of our traditional services will now take place over the Internet through emails, our website, and blog. Customers can contact our phone lines and make enquiries through our contact form available on-site.
The pandemic has caused several problems, including supply chain disruptions, fewer sales, and project delays. As it continues, solar companies may find it challenging to meet deadlines. EasySolar is prepared. We guarantee the excellence of our stock levels, so there are no supply issues.
When it comes to installations, we do not have to go inside your home (except if you have a sub-board). No physical contact occurs, and we keep the process quick and easy for you and us.
Why Invest in Solar “NOW”
The pandemic has an impact everywhere, including how people live and go about their daily lives. More and more people have started working from home. In 2008, 24% of the employees worked at home, at least part-time. During these difficult times, many companies announced that they would have their staff working at home.
With the majority of the country using its own energy resources, home power usage will undoubtedly surge. No one looks forward to another crisis such as that. It is why many Aussies working from home have serious plans for installing solar systems on their roof. Using solar can cut energy bills while also supporting environmental initiatives.
Here is another big reason why solar installation should be carried out now. Even before coronavirus hit the world, the Australian dollar has been losing its power since early 2019. The Australian dollar has weakened even more because of the pandemic. Experts urge the citizens to anticipate an even lower value for AUD in the coming months.
It is not at all surprising if solar panels will become more expensive. Therefore, it is a smart move to purchase now before things get worse. You can avoid damaging your budget by installing solar during these times. Solar may already be affected, but it is still not as bad compared to other businesses. Waiting for the pandemic to subside, however, is not a good idea.
If you want to save money (which you do, of course), now is the best time to go solar. With some groups believing it is time to prepare for the worst, the pandemic could drive more people into buying solar panels and batteries for their homes.
There is still so much undiscovered regarding the coronavirus. But the solar industry has proven many times that it is resilient. It has weathered various crises in the past. As the situation gets better, solar will keep going. We have a window of opportunity, and EasySolar knows it is not the time to let this crisis compromise the ongoing transition to clean energy.