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Solar energy is taking off in the United States.

11 Mar 2024

By Cadys Wang    Photo:CANVA

 

The U.S. has seen a dramatic increase in solar power generation. According to Environment America organization, the country produced enough solar energy to power 19 million homes in 2022, which is nearly 12 times the amount generated in 2013. Over the past decade, technological advances and cost reductions have made harnessing this ample solar energy for everyday life much easier.


The U.S. government has implemented several policies to encourage the development and adoption of solar energy. Here are some key examples:
 

 

• Investment Tax Credits (ITC): The ITC is a tax credit that offsets a significant portion of the upfront cost of installing a solar energy system. This credit has been extended and adjusted over time, making solar power more affordable for homeowners and businesses.
 

• Solar Energy Grants and Rebates: Many states and municipalities offer grants and rebates to further incontinence solar adoption. These programs can significantly reduce the upfront costs and make solar a more attractive option.
 

• Net Metering: Net metering allows solar energy system owners to sell excess electricity they generate back to the grid and receive a credit on their electricity bill. This policy encourages investment in solar by providing financial benefits for producing clean energy.
 

• Renewable Portfolio Standards (RPS): Some states have established RPS policies that require utilities to generate a certain percentage of their electricity from renewable sources like solar. This creates a market for solar energy and drives its development.
 

• Research and Development Funding: The federal government invests in research and development (R&D) for solar technologies. This ongoing support helps to improve the efficiency and affordability of solar panels and related systems.
The increased demand driven by these policies has certainly spurred further research and development in solar technology which make solar panel is now more and more inessential in the industry:

 

• Policy Creates Demand: Government incentives like tax credits and grants make solar panels more affordable for consumers. This increased demand creates a larger market for solar companies, which in turn: 
 

o Drives Research and Development: With a growing market, solar companies can invest more heavily in research to improve the efficiency and affordability of solar panels. This can involve: 
 

 Developing New Materials: Scientists are constantly exploring new materials for solar cells that can convert sunlight into electricity more efficiently. This could lead to lighter, more flexible, and more powerful solar panels.
 Improving Manufacturing Processes: Advancements in manufacturing techniques can help to reduce the cost of producing solar panels, making them even more accessible to consumers.

 

Overall, the U.S. government's policies to encourage solar energy use indirectly contribute to the development of solar panels by creating a larger market that drives innovation.
 

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