TRENDS IN SOLAR 2022
INCREASE IN SOLAR GENERATION
Solar generation was 3% of U.S. electricity in 2020, but the U.S. Energy Information Administration projects it will be 20% by 2050.
MORE SOLAR INCENTIVES
Homeowners can continue to take advantage of solar incentives such as The Solar Investment Tax Credit, also known as the Federal Solar Tax Credit. This tax credit provides a 26% tax credit for systems installed between 2020 and 2022, and 22% for systems installed in 2023.
COST REDUCTION
According to the United States National Renewable Energy Laboratory (NREL), since 2010, there has been a 64% reduction in the cost of residential PV systems in the United States.
WHY SHOULD YOU
GO SOLAR?
Save on Utilites Bill
Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it.
Improve Value of your Home
The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20.
Reduce carbon footprint
Solar energy is a renewable, carbon-free resource. Solar helps to combat greenhouse gas emissions and reduces dependence on fossil fuels.
FIGHT AGAINST RISING ELECTRITIY bILLS
The cost of electricity has risen by around 5% and that trend is expected to continue. Solar panels act as an insurance policy against increasing electricity rates.
LEARN MORE ABOUT SOLAR IN EACH STATE
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
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Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
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Mississippi
Missouri
Montana
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Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
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