Solar energy experts have been talking about the slow and painful death spiral of traditional energy consumption – also known as being “on the grid.” With solar panel installation making it easy for frugal and environmentally conscientious families to avoid spending money on traditional fossil fuel created energy, many energy providers are growing concerned about their ability to keep their market share. Experts note that as the price of fossil fuels increases, many traditional electric companies’ ability to keep their market interest will likely wane. Insiders to the solar energy phenomenon have been calling this soon-to-occur event the “Grid’s Death Spiral,” mainly because the need for staying on traditional electric companies’ grids is slowly dying out. Many factors have contributed to this unusual change of events.
As one would typically expect to hear, there are many different issues that are causing traditional electric companies to shake in their boots. The rapidly increasing focus on alternative energy sources (including solar, wind, and geothermal) has been causing PR problems for many companies. The most common alternative energy form, solar, doesn’t even require government approval in order for people to benefit from it, nor do they need government funding. Fully aware of the danger that fossil fuel consumption poses, politicians have even made an effort to push alternative fuels while decrying the use of oil and coal to power homes and companies.
PR is not the only issue that traditional electricity companies are facing – much of the struggle is financial. People have been seeing traditional energy sources negatively for quite some time, and the fact that innovative tech has made it more affordable than ever to get solar panels installed is not helping. Along with recent advances in solar energy, government bonuses, rebates, and credits have made it financially sound to get off the grid in many cases. Fossil fuels continue to climb in price, making it very difficult to compete with alternative energy forms that don’t rely on them.
Recent advancements, including the use of batteries with rooftop solar panels, have made it very possible for homes and businesses alike to stay off the grid permanently. Effectively, this new innovation could possibly make the majority of energy being used free of charge, making the need for fossil fuel electricity completely and totally obsolete. If everyone switches to battery-and-solar power, it’s more than likely that people will have no need for the grid as we know it today in the future.
Many solar experts have stated that the outlook of traditional energy sources is quite bleak, and have even said that people should expect major changes within the next couple of decades. With Australia being one of the top solar energy using countries in the world, it might be very possible that we will be able to see history unfold. Will the Aussie grid be the first one to become obsolete? We don’t know, but we can do our best to try to make it happen sooner rather than later.