8 Solar Energy Facts: Soler Power in United States

Solar power is more affordable, accessible, and prevalent in the United States than ever before. Since 2008, U.S. installations have grown 35-fold to an estimated 62.5 gigawatts (GW) today. This is enough capacity to power the equivalent of 12 million average American homes.

8 Solar Energy Facts: Soler Power in United States

Here are the 8 solar energy facts in the United States

1: It is one of the best places for harvesting solar energy.

Most of the United States, except for the extreme pacific northwest, is ideal for placing solar panels. The western and southwestern US is best, with the desert regions obviously receiving the most sun. But most all of the US can benefit from solar power throughout the summer.

2: Solar panels have dropped more than 60% in the past 10 years.

Solar panel’s prices have been dropping for the last years. It now makes financial sense to go solar.

3: Solar adds on average 4.1% to the value of your home.

This is good if you’re planning to sell your home in the future or if just you want to secure a loan for your investment.

4: More solar will be installed in the United States in the next two years than the last 40+ years combined.

More people are installing solar panels in their homes, this will make your home more modern and catch up with the trend.

5: As of January 1, 2020.  California requires new construction homes to have a solar panel system as an electricity source.

If you live in California, it is a law, you will have to install solar panels in case you’re constructing a new house.

6: You can get credit or rebates.

The Solar Investment Tax Credit, or ITC, is available for solar panel systems on both residential and commercial properties. The 2020 tax credit is 26%.  In 2021 it drops to 22%.

7: Financing options make going solar easy.  $0 down.

With a lot of government incentives and rebates, you can actually get those government entities to fund up to 100% of it and you pay $0 for it.

8: It is a clean energy

Solar energy creates clean, renewable power from the sun and benefits the environment.

That is it, those are 8 Solar Energy Facts, which one did you like? Let me know in the comment section below.

 

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