Despite the solar tariffs that took effect in 2018, the industry continues to show its strength and resilience.
The U.S. Solar Market Insight report for the third quarter was recently released and showed that despite the tariffs causing a hit to utility-scale solar installs, there were some positives.
Below is a breakdown:
- California’s commercial sector saw substantial growth, and New York experienced a record-breaking third quarter.
- Total installed U.S. PV capacity is expected to more than double over the next half-decade. By 2023, more than 14 GWdc of PV capacity will be installed on an annual basis.
- Solar energy continues to decrease in price and is now lower in price than natural gas and coal. In fact, solar prices fell 13 percent over the last year, according to NBC News.
- The solar industry continues to grow due to the 30 percent federal investment tax credit on solar installs. That 30 percent credit is set to expire at the end of 2019 and drop to 26 percent in 2020.
As the solar tariffs continue and the federal tax incentive is set to expire in the coming years, Sacramento homeowners looking to go solar may consider it in 2019. Solar can help decrease electricity bills, including solar pool heating, and also help the environment.
If you are interested in a solar installation, don’t hesitate to contact us at 916.853.2700.