With the US solar industry still recovering from a massive solar storm in October, we decided to dig into the latest news in the industry.
With a $5.5bn solar energy sector on the brink of collapse, there is a lot of uncertainty around what will happen in 2018 and 2019.
We’re here to help.
What is the US Solar Industry?
The US Solar Energy Industry is the largest in the world, generating over $20 billion annually.
According to Solar Energy Industries Association (SEIA), the US has around 25 GW of solar PV capacity.
In 2016, the US had the third largest solar installed capacity in the US behind only China and Japan.
The United States currently has over 7 million solar jobs.
The industry is dominated by small solar installers and smaller solar farms.
The industry employs about 16,000 people in the United States.
Why are solar panels in residential buildings so important?
Solar panels are not only good for the environment, they also have an added value to homeowners who want to use solar power.
As solar panels are cheap to install, homeowners are able to save on their utility bills.
Solar panels are also much cheaper than gas.
Is the US Still in the Dark About Solar?
While the US is not in the dark about solar energy, the issue is still not well understood by most consumers.
The National Renewable Energy Laboratory (NREL) has estimated that the average US household currently uses 2.8 kWh of solar energy per year.
According the NREL, if we add all the solar energy used by homes in the country in 2018, the average American household would use around 4.4 kWh per year on average.
Will solar panels affect the economy?
Solar energy can affect the US economy in a number of ways.
Firstly, solar panels generate electricity.
This is good for consumers, as it means they are not paying for power they don’t need.
The solar panels can also save money for consumers as they are less expensive to install.
Solar energy also can help to reduce CO2 emissions, which has an effect on the economy as well.
However, a new study from Cornell University found that solar energy would not lead to an increase in solar panel prices, since solar panels typically require more energy to install than a conventional gas-fired power plant.
The cost of installing solar panels on a typical utility-scale solar project has decreased by 40% since 2007, according to a Cornell study.
Solar panels in buildings can also reduce greenhouse gas emissions.
Solar panel prices are set by the states.
In 2018, states that are most reliant on electricity from coal-fired plants received the highest costs.
However, the costs of solar panels have dropped by 50% since 2014.
So why are solar installters still using coal?
Solar installers use a lot more energy than gas- or gas-burning power plants to produce electricity.
A coal-burning plant is not the best choice for homes because they use up the electricity needed to produce the heat they use to heat their homes.
In fact, many residential solar installrs use a combination of gas and coal-powered power plants.
Can solar panels replace gas-powered plants?
Solar panel prices in the UK have fallen in recent years.
This means that a new generation of solar installors are looking for cheaper ways to use their energy.
This has resulted in an increase of solar power plants on the grid in the U.K. However this has also led to the loss of jobs in the solar industry.
Solar installers have been able to maintain their jobs by selling their panels to utilities.
Are there any solar panels that are currently being installed in the USA?
In 2018, there were 3.7 GW of rooftop solar installations in the Americas, according the Solar Energy Information Administration (SEI).
What can we expect in 2019?
Solar power has grown rapidly over the past few years, which means that there are a lot fewer coal- and gas-based power plants in operation in the developed world.
However there is still a lot to be done in terms of clean energy, and there are some new technologies that are being deployed in the field.
For example, the new generation solar panels from Solar Energy Systems (SES) are currently under development in China and are expected to be deployed in 2018.
Solar Energy Technologies Association (SERA) has also said that the new solar panels will be able to generate around 12% of the power used by residential homes in 2018 alone.
Who is installing the solar panels?
Solar installation companies are installing solar power systems on rooftops in the following countries: Germany, Japan, Italy, Canada, Mexico, South Korea, Australia, and the US.
Where is the solar power most likely to be installed in 2018?
The United States is expected to have about 12 GW of new solar power installed