Rooftop solar energy market set to reach new milestone by 2022

Solar Panels on Rooftop - Solar Energy

Report predicts that rooftop solar market will reach $4.14 billion by 2022 The solar energy industry has been growing quickly in recent years, especially within the residential sector. Many homeowners are beginning to invest in solar panels as a way to generate their own electricity. A new report from Crystal Market Research shows that the rooftop solar market will reach new heights in the near future. According to the report, the rooftop solar market will be valued at approximately $4.14 billion by 2022. Solar panels are becoming more accessible to…

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ITC ruling could have an impact on the solar energy industry

Solar Energy Industry - Solar Panels

ITC finds that imported solar panels have been a problem for domestic companies A recent ruling from the International Trade Commission (ITC) could have a major impact on the solar energy industry in the United States. The organization is now suggesting that low-cost, imported solar panels, specifically from China, have caused problems for two domestic panel manufacturers. These companies are Suniva and SolarWind, which may have experienced some economic damage due to the influx of solar products that have been manufactured outside of the United States. Companies are having trouble…

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Solar industry is thriving as costs fall

Solar Industry - Solar Panels in Field

Report shows that the cost of solar energy continues to decline The National Renewable Energy Laboratory has released a new report concerning the cost of solar energy. The report covers how much the cost of solar power has fallen over the past year, particularly in the first quarter of 2017. Notably, the report comes a mere ten days before the solar industry discovered whether or not it will have to navigate new trade regulations formed by the Trump Administration. These trade regulations could have a significant impact on new solar…

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Solar energy industry reaches its cost goal in the US

Solar Energy Costs Goal

DOE report shows that the solar energy has achieved its SunShot Initiative goal The U.S. Department of Energy has released a new report that shows that the solar energy industry has achieved its 2020 utility-scale cost goal. The goal was set by the SunShot Initiative, a federal endeavor that calls for the adoption of solar power. The solar energy industry was able to achieve this goal well ahead of schedule due to the rapidly declining cost of photovoltaic technology. Currently, the average cost of utility-scale solar power is 6 cents…

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New tariffs could be trouble for the solar energy sector

Solar Energy Costs - New Tarrif

Senators come together in order to fight new tariffs Several senators have come together to express concern regarding potential trade penalties targeting imported solar energy technology. The International Trade Commission is set to determine what tariffs should be levied on solar imports later this year. The federal agency intends for the tariffs to help embolden the domestic solar energy market. Currently, many companies in the United States must compete against foreign companies that offer inexpensive solar panels and other technologies. These foreign companies have been bringing their solar products to…

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China’s solar energy industry to increase production of solar panels

Solar Panels - Solar Energy Industry

Solar panel manufacture to increase by 25% this year China’s solar energy industry is poised to become yet more active throughout the remainder of this year. The industry has already established significant momentum in 2017, but manufacturers and developers are not ready to rest easy. The solar energy industry is expected to produce 25% more solar panels this year than in 2016, according to Wang Bohua, secretary general of the country’s solar industry association. Notably, production is set to increase significantly due to foreign demand, much of which is coming…

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Solar energy industry is leading job growth in Montana

Solar Energy Industry - Montana Landscap at Sunset

Montana is experiencing a surge in its solar energy industry Solar energy has had a successful year so far in 2017. Last year, the state ranked 40th in the country in terms of renewable energy job growth. Now, however, the growth of the solar energy industry during the first half of this year has set the state on course to reaching 22nd in clean job growth. The solar energy industry has powered job growth in the state, creating new economic opportunities and allowing the state to become more energy independent.…

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Solar energy industry in the US is experiencing strong growth

Solar Energy Industry Growth in US - Job Application

Solar energy industry has adding jobs faster than the US economy is growing The solar energy industry is having a major impact on employment in the United States. According to a new report from the International Renewable Energy Agency, solar jobs are growing 17 faster than the country’s economy. The report draws upon data from the Solar Foundation. The solar energy industry now has significant economic potential and will likely continue to experience growth despite potential changes to federal energy policies. More than 260,000 people now work in the solar…

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US officials to investigate tariffs on imported solar energy products

Solar Energy Tarrif

Petition calls for safeguards to be placed for the sake of the US solar energy market The United States government is considering imposing tariffs on solar panels that are imported into the country. The International Trade Commission has announced that it has launched an investigation concerning the matter. The investigation is in response to a petition filed by Suniva, a solar manufacturer that has declared bankruptcy. The company suggests that China is responsible for flooding the U.S. market with photovoltaic products. This has caused the price of such products to…

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Solar energy industry employs more people than the coal industry in the US

Solar Energy Industry - Solar panels being installed on rooftops

Report shows that the solar energy industry is having a major economic impact The solar energy industry employs more people in the United States than the coal industry, according to a recent report from the Department of Energy. Currently, the federal government is planning to show strong support for fossil-fuels. President Trump intends to relax regulations on the oil and coal industries in order to generate economic growth and create new jobs. The issue, however, is that job creation may lie within the renewable energy sector, largely due to the…

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Solar energy industry employs more than Apple, Google, and Facebook combined

Solar Energy Industry - Jobs

The solar energy industry is experiencing unprecedented growth The use of solar power throughout the world has accelerated over the past few years. This has led to impressive growth in the solar energy industry. The past nine years has seen a 30-fold increase in photovoltaic sales and now the industry employs a staggering amount of people. According to a new report from GTM Research, the annual global demand for photovoltaic products grew by more than 50% last year. This has contributed to a decline in cost of these products, making…

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Solar energy in Indiana is being threatened by new legislation

Solar Energy - Sunset on farm in Indiana

Legislation seeks to make changes to state’s net metering program New legislation in Indiana could have a major impact on the state’s solar energy industry. This week, the state’s House of Representatives approved a bill that would lower the compensation that homeowners receive for funneling surplus electricity into the energy grid. Advocates of solar energy have decried the legislation, suggesting that it makes unnecessary changes to the state’s net metering program. If enacted, the legislation could make solar energy significantly less attractive to a wide range of consumers. Solar energy…

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US and China power growth of the solar energy industry

Solar Energy Industry Power Growth - USA and China

Highlight showcases the continued expansion of the solar energy industry The solar energy industry has grown significantly over the past year and the United States and China have contributed heavily to this. A new report from SolarPower Europe shows that 2016 was a major year for the solar sector, with installed capacity surpassing 76 gigawatts. By comparison, some 50 gigawatts of solar capacity were installed worldwide in 2015. Falling prices throughout the solar energy industry have helped power this growth. China contributes heavily to the growth of the solar market…

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Solar energy industry employs more people than the coal industry in the US

Solar Energy Industry - Jobs

The solar market continues to show major economic potential The solar energy industry in the United States now offers more jobs than the coal industry, according to a recent survey from Solar Foundation. The solar sector has been growing quickly in the country over the past few years, even outpacing fossil-fuels in terms of new energy generation capacity. Despite this, however, solar only accounts for approximately 1% of all electricity produced within the United States, but the sector represents significant economic potential that is impossible to ignore. Survey highlights the…

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India’s solar energy industry is emerging as a world leader

India continues to support the growth of its thriving solar energy industry With 2016 coming to a close, India has emerged as a prominent player in the solar energy industry. The country has shown strong support for solar power over the past year, with government incentives encouraging developers to bring their projects to India. Currently, India currently has 10 gigawatts of installed solar capacity, which is a thousand-fold increase over the capacity that was available in the country in 2010, when India launched the National Solar Mission. Installed solar capacity…

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Solar energy is becoming less expensive than coal and wind

New highlights the major accomplishment the solar sector has achieved The solar energy space has accomplished something that was previously thought impossible. According to data from Bloomberg New Energy Finance, solar power is now the world’s least expensive form of energy. In the past, solar power has managed to find major success in various parts of the world, particularly the Middle East, where sunlight is abundant. The data from Bloomberg shows that solar power is now less expensive than wind and coal, making it a very attractive form of electrical…

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