The United States reached 100 gigawatts in solar capacity following the installation of 5 gigawatts this year alone. To get an idea about how much power that is, consider that in order to produce one gigawatt of electricity, about 3.2 million solar panels are needed.
This exciting news means more energy than ever before is being produced by clean and affordable energy sources, many of which are available to you.
Rapid growth is the norm for solar energy. Over three and a half years alone, the solar industry expanded twice in size, according to the report by the Solar Energy Industries Association. Here are some other report highlights:
- Residential solar installation increased by 11% in the first quarter of 2021 compared to 2020.
- Commercial solar projects jumped 19% over the same period of time.
- New solar accounted for 58% of new electricity sources.
Modeling in the report suggests even further growth in the foreseeable future. At its current pace, solar is expected to break record after record. Between now and 2026, it’s likely that solar capacity will reach more than 160% of its current level.
The Solar Investment Tax Credit provides families and business owners with yet another incentive to switch from traditional utility to solar technology. Since its enactment, the solar credit has helped paved the way for explosive solar growth, including billions of dollars of economic activity. Now it’s your turn.
Families and business owners can enjoy a 26% tax credit for all solar energy systems in 2021. Next year, the tax credit will remain the same before it drops to 22% in 2023. By 2024, only commercial projects will qualify for the tax credit.
From solar electricity, pool heating to solar power energy storage, you can rely on Aztec Solar for a solution that helps accomplish your energy and budget goals at home or at your place of business. As the region’s go-to solar expert, Aztec Solar has served more than 10,000 customers, connecting them to solar energy solutions that matter. If you want to save money and help protect the planet, we have the solar application for you.
Contact us today to get started on your solar power project!