By 2050, solar energy is anticipated to generate nearly half of the nation’s power. According to President Joe Biden’s ambitious aim, solar power would increase to over 45% by 2050.
To achieve that goal, a significant amount of funds will have to be invested across industries. Solar’s rapid development has been fueled by falling prices and supporting policies such as tax incentives during the previous decade. Solar capacity would have to be around 1,500 gigawatts by 2050. This is more than the entire amount of power used by residential and commercial establishments currently.
The Biden administration’s wider aim of building an emissions-free grid by 2035 and a decarbonized energy system by 2050 includes solar energy research. Other carbon-free energy sources would compensate for the solar production shortfall.
Solar, the cheapest and fastest-growing renewable energy source, may provide enough electricity to power all U.S. homes by 2035, creating up to 1 million jobs.
The future of solar energy is bright. Solar energy has evolved into a more cost-effective and ecologically friendly energy source that might help meet the world’s growing need for electricity. The industry should expect sustained growth over the next decade, thanks to low-cost financing alternatives for homeowners who wish to install their own panels and a projected rise in installations.
Solar power’s future is brighter than ever, and it’s about time. Solar-powered devices are utilized in a wide range of applications and have shown to be quite valuable in our daily lives. When solar energy becomes the primary source of energy, the current energy landscape will be radically changed.
Aztec Solar has been doing solar and only solar in Sacramento for more than 40 years. The strong health of the industry is a good example of how popular solar energy is becoming across the U.S. and in California. With Aztec Solar’s decades of expertise and an extensive list of satisfied clients, you can be assured that we will provide efficiency, reliability and value for your commercial solar installation.
To discover more about how you could bring solar to your home or business, contact us today.