According to the Solar Energy Industry Association’s recent Market Insight Report, the United States’ solar power capacity now exceeds 20 GW. In the first half of 2015, the US solar market grew 70%, with a substantial amount of this in the residential sector.
In the same report, the SEIA also points out that over half of all that solar power comes from California alone. This makes us very excited to open our office in Irvine California this October! North Carolina is the only other state to break the 1 GW barrier followed by Nevada, New York, and Massachusetts as the other leading states in solar energy.
This increase in solar output in the residential sector can be attributed to many factors. One of the most prominent factors is the decrease in cost for residential solar and other green energy solutions. As the technologies associated with solar panels get better, the price will continue to decrease. This is one of the reasons we have seen such a substantial uptick in conversion to solar. Additionally, current solar rebates allow for many residents to further defray the cost of converting to renewable energy.
Looking towards the energy goals of the US, the SEIA outlines how the next ten years of solar energy might look. Most tenuous is after 2016 when the current solar rebates end. If not extended, it was then fall to the free market to continue to drive solar energy.
Regardless of rebates, solar energy will continue to thrive as the US becomes more eco-friendly and energy conscious.