America Projects 2016 Solar Will Prosper
We have had a great year for solar power in 2015, and we should be proud of all that has been accomplished across the globe. America has pushed for the growth of solar energy and it projects that 2016 will bring innovation like never before. Here is to the upcoming development of our (and the world's) innovation nation! Here is an excerpt:
This year will go down as a banner year for solar energy. We expect new solar installations to reach a record-breaking 7.4 gigawatts (GW) by year’s end. And yet, the 2015 record is already looking like a distant memory compared to what is to come.
America’s solar boom is far from busting. In fact, solar will more than triple in size from just more than 24 GW of total capacity to nearly 100 GW by 2020. By that point, there will be enough solar installed to power 20 million American homes.
The more rapid growth is projected because solar companies have received and will continue to receive reliable and supportive federal policies. These allow them to mature, employ hundreds of thousands of American workers and pump billions of dollars in new investments into the American economy along the way.
Sustained growth for one of America’s newest and most cutting-edge industries was solidified last week when Congress passed a bipartisan spending bill. This seemingly routine legislation is historic because it brings the solar industry to the forefront of the conversation about American energy.
Instead of the solar investment tax credit (ITC) dropping down to 10 percent for commercial users and zero for residential users at the end of 2016, Congress took action that will help solar drive America toward its clean energy future.