Solar is Booming: Nothing’s Gonna Stop Us Now!
“Solar is Booming” and the Solar Energy Industries Association (SEIA), along with their partners at GTM Research and The Solar Foundation, has research to prove it! Based on their tracking of trends and growth, it is projected that by 2022, solar power is expected to be a dominant power source in the United States.
Despite the President’s decision last month to impose a 30 percent tariff on solar panels, the solar industry remains on an upward trajectory. In our blog last week, We ♥ New York: 1000 Percent Increase in Solar Power in 6 Years!, we reported on Governor Cuomo’s announcement that solar power in New York has increased more than 1,000 percent in a six-year period; New York is now considered to be one of the national leaders in clean energy growth – and solar power is now a key part of the Governor’s mandate that half of all electricity consumed come from renewable energy sources by 2030.
Solar’s impressive growth, however, extends across the U.S and is growing at a record pace in all 50 states according to the SEIA data. Here’s some of the key stats and projections:
- The average annual growth rate is 68% over the last 10 years
- The cost to install solar has dropped by more than 70% since 2010, leading the industry to expand into new markets and deploy thousands of systems nationwide
- Solar power generates enough electricity to power 9.5 million homes
- There are now nearly 1.6 million solar installations in the U.S., with the expectation of reaching 2 million in 2018 and 4 million by 2022
- Nearly 250,000 people work in solar at more than 9,000 companies in the U.S.
- The amount of solar installed at U.S. corporations and businesses is enough to offset 1.1 million metric tons of carbon dioxide emissions each year
- More than 5,500 K-12 schools nationwide have installed solar energy systems
Says Douglas Hertz, president and CEO of Sunrise Solar Solutions, the Tri-State area’s largest locally-owned and operated solar installation company, based in Westchester County: “Our commitment to our customers, our pricing and to the growth of solar is unstoppable and stronger than ever before. We are passionate about our work and our industry, and all that we do to promote the widespread adoption of solar that has already begun to transform the way we consume energy and live our lives.”