Credible Solar l 6 MINUTE READ
State of the Solar Industry in 2021
As reported in the U.S. Solar Market Insight Report for 2013 Q4, "the dramatic cost declines in photovoltaic (PV) hardware, as well as other components such as balance of system (BOS) and soft costs, have propelled solar past other forms of new generation projects and made it competitive with utility-scale wind power." Solar power is leading the energy industry in growth in the United States despite low natural gas prices that are already driving coal out of business. Although natural gas prices may rise again in the future, solar is a long term investment paying off with decreased energy costs from affordable clean energy.
Solar power has become more and more popular as our energy demands increase. The solar energy industry is unique because it not only generates electricity, but decentralizes our utility grid making it more reliable.
One of the biggest problems we face as a nation: how do we sustain the power grids we already have, much less build new ones? The future is right now, and it’s arriving in small increments. Distributed generation (DG) is starting to make a real difference in the way we generate electricity as a society. Utility companies can’t respond quickly to outages and the energy loss over distance transmission is high. Interconnecting hundreds of thousands of solar homes and businesses decentralizes our energy grid making it more reliable. The winter storm that hit the south and Texas in 2021 has shifted many southerners mindset on renewable energy and distributed generation with solar panels.