Solar Poised For Another Record Year

Coming off a great year in 2015, the solar power industry is poised to do even better this year.

As basically a part 2 to the last post about 2015’s record solar year, this one will be about expectations for the remainder of 2016.

The U.S. Energy Information Administration just released figures concerning scheduled utility-scale power installations for this year. New expected electric capacity involves 9.5 gigawatts of utility-scale solar, 8 gigawatts of natural gas, and 6.8 gigawatts of wind. It’s important to note that while the 9.5 gigawatts of solar is more than the other two sources of power mentioned, it does not include a few more gigawatts of solar that will be added at the residential and commercial scales.
utility-scale solar
A shining example of why this could truly be a great year for solar is that if proposed utility-scale solar projects are completed, this will be the first time that solar was the largest single source of new electric capacity.

The Solar Energy Industries Association estimates that the total value from residential solar could be as much as 4 gigawatts, bringing the total solar capacity to almost 14 gigawatts for the year.

It’s fair to mention that a significant part of solar power’s quick growth pace is due to the investment tax credit, which has been recently extended another five years. It’s also important to note that solar is actually cost effective even without tax subsidies.

What’s the big picture take away here?

The big picture is that while solar power continues to expand at a rapid pace, we’re still witnessing the very beginnings of an eventually massive industry. While solar installations are occurring more quickly than other sources of energy, solar still makes up for a very small percentage of total power generation.

Solar may still be small scale, but there’s nothing to stop it’s much wider adoption. This is, in fact, is what’s beginning to happen. It’s very early days still.

The mass deployment of utility, commercial, and residential-scale solar coupled with affordable and effective energy storage will enable solar to become our primary source of energy in the coming decades.

Other sources of energy will simply not make nearly as much sense as solar power. Solar will be the cheaper option and the obvious choice from environmental and sustainability perspectives.

So here’s to another great solar year ahead….and many decades to follow!

Bookmark the permalink.

4 Responses to Solar Poised For Another Record Year

  1. DuckDuck says:

    In conclusion, the solar industry is poised for another record-breaking year. With increasing demand for renewable energy and advancements in solar technology, the industry is experiencing significant growth. This trend is expected to continue as more countries and businesses prioritize sustainability and reduce their carbon footprint. The future of solar energy looks promising, with potential for even more innovation and expansion in the coming years.

  2. Springheel Jack says:

    In conclusion, the solar industry is poised for another record-breaking year. With advancements in technology, decreasing costs, and growing environmental concerns, the demand for solar energy is at an all-time high. As more countries and businesses commit to renewable energy goals, the solar market is expected to continue its upward trajectory. This presents a significant opportunity for both investors and consumers to embrace clean and sustainable energy solutions. The future of solar energy looks promising, and it is clear that it will play a crucial role in the global transition towards a greener and more sustainable future.

  3. Roadblock says:

    In conclusion, the solar industry is poised for another record-breaking year. With advancements in technology, increased government support, and growing public awareness about the importance of renewable energy, solar power is set to continue its upward trajectory. The potential for further growth and innovation in the sector is immense, as more countries and industries embrace solar energy as a viable and sustainable solution. As we move towards a greener future, solar power is undoubtedly a key player in the global energy transition.

  4. thrasher says:

    In conclusion, the solar industry is poised for another record-breaking year. With advancements in technology, decreasing costs, and increasing demand for renewable energy, solar power is becoming more accessible and affordable for consumers and businesses alike. The industry’s continuous growth and success are a testament to its potential in addressing climate change and transitioning towards a sustainable future.

Leave a Reply

Your email address will not be published. Required fields are marked *