The Sun Is Up and Costs Are Down: Using Solar Technology for Your Business

Subscribe To Read This Insight

By Matt Eckstein | 4Q 2021 | IN-6400

 

Solar Is Growing Amazingly Fast

NEWS


As the cost of solar energy has declined dramatically over the past several years, usage has skyrocketed. According to the Solar Energy Industries Association, U.S. solar use has grown at a 42% annual rate over the last 10 years, and nationwide solar capacity is sufficient for nearly 19 million homes. Even more strikingly, solar energy now accounts for 43% of newly installed electric capacity in the United States in 2020 and for 4% of the country’s electricity generation (the latter figure was just 0.1% in 2010). Solar’s prominence as an energy source keeps growing, and many businesses would be well advised to consider implementing it if they have not done so already.

Solar Is Crucial for Fighting Climate Change

IMPACT


Needless to say, this boom in solar energy is great news for the fight against climate change. According to solar industry service provider GreenLancer, the price of residential solar has declined more than 64% since 2010, making solar installations for homes far more appealing than in the recent past. The a…

You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.

Services