How to spot the solar energy trend, in 6 charts
By Mark O’LearyA chart is a graphical representation of a trend.
You can see a trend, and predict it with a few simple rules.
Here’s how you can spot the Solar Energy trend in 6 easy steps.1.
Know your target: If you want to get a good feel for the trend, you can use a simple formula to figure out the price-to-power ratio.2.
Look for trends that go back to the mid-1990s, with a high price-per-Watt and high average-price ratio.
This is when the solar industry was on the cusp of its biggest surge in price.3.
Look at the data: Look at trends in the energy industry that go from solar to battery, and vice versa.
For example, solar PV is currently driving a surge in electric cars, and electric vehicles are making a big comeback.4.
Watch out for trends in energy supply and demand.
For instance, if solar is growing, that means the grid will become more efficient and less dependent on fossil fuels.5.
Watch for trends around costs and the impact of policies on the market.
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