Never a Better Time to Go Solar: Costs Dropped 70% Since 2006
The verdict is in – going solar is now more appealing than ever. Based on recent findings from GTM Research, The Solar Foundation, and the Solar Energy Industries Association (SEIA), growth of the solar industry shows no signs of slowing down.
According to the research, there are a variety of compelling reasons for the growth, from the support of the Solar Investment Tax Credit, to falling prices, to the myriad of opportunities and interest that still exist throughout multiple states and industries.
Read more at seia.org.
Natural Gas Prices Could Shift Due to Variety of Factors
With a drop in supply and now demand on the rise, the recent heyday of lower gas prices may not continue to be a sure bet. When prices were lower, the electricity generation segment took notice and began building natural gas-fired plants, contributing to soaring natural gas demand.
Following the crash in oil prices, gas and oil rig counts decreased and production has been on a downward trend. In fact, since February of this year, production has decreased by 5%. These conditions could lead to changes in the low natural gas prices we’ve seen as of late.
Read more at oilprice.com.
North American Energy Storage Market Continues to Boom
Navigant Research projects current energy storage could eclipse 2015’s “banner year.” More than 300 MW is expected by the end of 2016. Reasons for the spike include a boost in distributed, intermittent generation (such as solar and wind power) and electricity market changes.
Last year, over 80% of distributed energy storage systems installations were attributed to utility-scale projects, and that precedent is expected to continue. The research firm also projects that residential storage will develop in the near future, as well.
Read more at utilitydive.com.
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- A wind turbine has as many as 8,000 different components.
- ENERGY STAR certified light bulbs use 70-90% less energy than traditional incandescent bulbs.
- Nuclear energy produces 64% of all U.S. emission-free electricity.
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