A report by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory found that median-size solar energy systems are increasing, are becoming more efficient and are more affordable than ever.
Module efficiencies increased from 12.7 percent in 2002, to almost 18.5 percent last year. This leap represents a 45 percent increase in efficiency. The report also found that residential and non-residential systems alike increased in power output as well, with a majority of the expansion occurring in just recent years.
Other notable highlights include:
- Inverter load ratios are increased because prices continue to fall.
- Energy installs are being installed more effectively.
- Solar plus storage is growing in capacity. The majority of permits used for some projects, such as those in Hawaii, included storage.
- Scale matters: Largest residential projects provided the greatest bang for the buck
As more and more homeowners and business leaders turn to solar power systems, we hope you will do the same. Lower prices, higher efficiencies are big reasons for market growth and its widening.
And with solar tax credits set to decline next year, and possibly soon disappear, there may be no better time to take advantage of all the benefits solar provides.
When you decide to work with Aztec Solar, you’re teaming up with a company that’s delivered on the promise of clean energy to thousands of customers across Northern California for decades. Our solar solutions can meet your needs at home or at your business. Whether you’re thinking about in-house solar water heating, pool heating, or a comprehensive commercial solar system, Aztec Solar will work with you to achieve your goals for the short and long term.
And, when you turn to solar, you become active in a bigger solution that will pave the way for a brighter future and stronger planet.