Renewable energy has made tremendous gains in recent years. Solar power is nearly the same price or cheaper than new fossil fuel in more than 30 countries, according to the World Economic Forum. As prices for solar power continue to drop, two-thirds of all nations will reach the point known as “grid parity” within a few years. “It is not only a commercially viable option, but an outright compelling investment opportunity with long-term, stable, inflation-protected returns,” Michael Drexler, who leads infrastructure and development investing at the WEF, said in a statement. The U.S. Energy Information Agency (EIA) found that renewable energy in the U.S. through the first half of 2016, including solar, hydro-electric power, biomass, geothermal, and wind, provided 16.9 percent of electricity generation.
In 2016, solar became the top fuel source for the first time in a year. Electric companies added 9.5 gigawatts (GW) of photovoltaic capacity to the US grid. The US added about 125 solar panels per minute in 2016, which is nearly double the rate of last year. The average cost of generating a megawatt-hour of solar energy was $600 ten years ago, now it is around $100, which is the average price of coal.
Solar energy generation increased by more than 20 times between 2010 and 2015. The states with the most solar power growth are California, North Carolina, Nevada, Arizona, and Georgia. Those five states added enough generation to power nearly one million homes.
Green Street Solar offers a 25 year warranty on your solar panels. We offer the most professional solar installation services in DelMarVa. Call us today at 1(800) 834-5196 or visit our contact page.