Solar Prices Drop as Project Numbers Continue to Grow

Posted by: Higgins_James // Student

Over the past fiscal year, the U.S. solar industry has grown dramatically as we move into 2016. With over 135,000 installations emerging in the first half of 2015, we now see a new installation every 2 minutes. Since the implementation of the solar Investment Tax Credit (ITC), which allocates a 30 percent tax credit for solar systems, the cost to install solar projects has declined by over 73 percent since 2006. Both business and residential installations have increased significantly, the top 25 corporate users have nearly doubled their solar capacity since 2012 and residential costs have dropped 45 percent since 2010. It is easier to start a solar project now than has ever before, record breaking installation numbers show incentives for businesses and residents to go solar. As we move towards cleaner, more sustainable means of energy like solar, the question of whether or not we should be using carbon emission based fossil fuels becomes a much more prevalent topic.


To learn more about the growing solar industry click the link below:

http://www.seia.org/research-resources/solar-industry-data

For information on renewable energy incentives in your state, visit the Database of State Incentives for Renewables and Efficiency (DSIRE): http://www.dsireusa.org/