Solar will generate more than 1 percent of U.S. electricity by the end of 2015
Near the end of 2015, solar energy will generate more than one percent of all electricity in the United States, the Solar Energy Industries Association (SEIA) said in a recent report.
To put that in context, the SEIA noted that “that 1% compromises more power than the state of Nevada consumes in an entire year.”
Not only will the one-percent mark be reached this year, the SEIA said, but 30 percent of all new electric generating capacity in the country came from solar through the first three quarters of 2015.
And the fourth quarter of 2015 will likely see similar results.
New @SEIA @GTMResearch report shows 2015 shaping up to be US #solar's BEST YEAR EVER! Q4 to be record-breaking! https://t.co/xgxx4Y2uoS
— Solar Industry (@SEIA) December 9, 2015
Electricity prices will likely continue to rise
According to the report, electricity prices will likely continue to rise in the near future, which will only continue to make solar energy look to be an attractive alternative.
Solar prices will likely continue to fall
Rising electricity prices coupled with a continued fall in overall solar costs should combine to keep this upward trend in solar going.
2016 will be a big year for solar power
Through the first three quarters of 2015, nearly a third of all new electric generating capacity created in the nation came from solar energy sources. The solar market is “on the precipice of unprecedented growth through 2016,” the SEIA said.
Source → Solar Energy Industries Association (SEIA)Demand for #solar in #America is skyrocketing! New report from @SEIA and @GTMResearch here: https://t.co/xgxx4Y2uoS pic.twitter.com/ORpnsebbC2
— Solar Industry (@SEIA) December 9, 2015
