Solar Energy Projections On The Rise, While Costs Are Falling

Solar energy has come a long way since the 1970s, when the average cost per watt was over $75! Today, the average cost per watt is around $3, which makes solar a much more realistic option for home and business owners. As technology improves and prices continue to fall, solar is poised to lead the way in the world's future energy supply. As of now, it's one of the least expensive forms of renewable energy and it is cheaper than most electricity sourced from fossil fuels. With generous state and federal rebates making solar even more affordable, any Las Vegas solar company will say that now is the time to go solar if you haven't already.

If you're looking to put solar on your home or business, a Las Vegas solar company can tell you all about pricing and system sizing. The goal, after all, is to help you save money and generate as much power as possible. A 30% federal tax credit makes solar an enticing choice for both commercial and residential customers. A solar dealer Las Vegas can explain additional benefits for business owners, including potential state incentives. One attractive (and cost-effective) option for a solar project is a utility-scale installation. These large-scale solar installations send power back to the grid where it's purchased by an electricity provider. Multi-megawatt solar projects are especially popular in the Southwest, where there's enough land and a perfect climate for them to operate at full capacity. In 2017, a new record was broken in the United States, as the cost for a utility-scale project reached $0.06 per kWh. What's even more impressive is the fact that that goal was the target for 2020. With that goal reached, the industry is in good shape to hit its goal of $0.03 per kWh before 2030, which was the original schedule. A solar dealer Las Vegas can help you determine if a utility-scale installation is right for you.

The positive changes sweeping the solar industry are certainly apparent in the United States, but the industry is seeing record growth and dropping prices around the world, too. Around the world, nearly 165 GW of solar came online in 2016, which broke all previous records. The world's solar capacity increased by another 50% in 2017, which led to even more cost reductions and more solar-friendly policies. Along with the United States, China is also leading the way in solar capacity. As solar's popularity continues to increase, exciting new technologies and applications are emerging too.

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