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America’s electricity demand is growing again, and U.S. businesses are turning to solar. According to Solar Energy Industries Association’s 2024 #SolarMeansBiz report, American companies have installed nearly 40 GW of onsite and off-site #solar. The flexibility and dispatchability of #solar + #storage make it ideal for a wide range of commercial applications and, at the end of the day, solar is the most cost-effective way to produce energy in human history. Check out SEIA's 2024 #SolarMeansBiz report for more on why U.S. businesses investing in solar at record levels: https://ow.ly/kK5M50Uk7av

#goodread "Companies are not only diversifying into both on-site and off-site solar but expanding into #batterystorage development and exploring novel procurement strategies to manage their energy needs. As corporations continue to innovate in their energy planning through #microgrids, participation in ancillary services, or participation as solar tax equity investors, the procurement market will continue to adapt to ensure demand for carbon free power is met. Commercial load growth and growing sustainability ambitions have grown the pipeline of solar investments, and #solar is poised to be a key energy solution for growing #businesses well into the future." Want to learn more about how companies are shaping the U.S. #energytransition? Check out Solar Energy Industries Association's Solar Means Business 2024 Report here: https://lnkd.in/gtteBauF

Arcadia Power Secures $50 Million Funding Round to Drive Community Solar Growth and Energy Data Analysis Arcadia Power, a leading global utility data and community solar platform, has recently closed a $50 million round of funding aimed at bolstering its community solar program and advancing artificial intelligence capabilities for energy data analysis. Founder and CEO of Arcadia, Kiran Bhatraju, expressed enthusiasm for the funding, stating, “With this funding, Arcadia can continue to meet growing demand from our 300+ enterprise customers and 75+ community solar developer partners, all of whom are accelerating deployment and adding new solutions like battery storage, heat pumps and EV charging to their portfolios.” The company’s recent release of the State of Community […] Read the full story here: https://lnkd.in/gVfwUsSw #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #arcadiapower #northamerica #renewableenergy #solargrowth

🌞 The U.S. #solar industry is experiencing unprecedented growth, with the largest Q3 of all time! 🌞 According to Solar Power World’s reporting, “Utilities and businesses are driving this growth as they procure significant levels of solar to meet rising demand for electricity. The commercial and community solar markets also experienced strong gains...” This growth presents exciting opportunities for businesses and real estate owners interested in #solarenergysolutions. Greenskies Clean Focus is at the forefront of the U.S. solar industry’s growth, partnering with businesses and real estate owners to lead the charge toward a #cleanenergy future. We specialize in transforming underutilized rooftops into powerful energy generators, reducing electricity costs, and promoting sustainability. https://lnkd.in/eK2FZmQd #EnergyStorage #SolarPower #RenewableEnergy #CommercialSolar #SustainableFuture

🌞 Exciting News in the Solar Industry! 🌞 The Solar Panel Industry in the United States is on a trajectory towards unprecedented growth, marking a significant milestone in the nation's transition towards clean energy. Here are some key insights into the market trends shaping the future of solar energy: 📈 Remarkable Growth: Over the past decade, the solar industry has experienced an astounding average annual growth rate of 22%, driven by federal policies, cost reductions, and increased demand for clean electricity. 💰 Declining Installation Costs: Installation costs have dropped by more than 40%, opening up new markets and enabling the deployment of thousands of systems nationwide. Residential system costs have decreased from $40,000 in 2010 to approximately $25,000 today. 💡 Dominance in Generating Capacity: Solar energy has been the leading contributor to new electric capacity on the grid for the past five years, accounting for 53% of all new capacity added in 2023 alone. 🏠 Residential Sector Surge: The residential sector has seen significant growth, with nearly 7 GW of residential solar installed in 2023, marking the fifth consecutive record-breaking year. 🎯 Ambitious Targets: With initiatives like the Investment Tax Credit, the solar market is on track to meet ambitious clean energy targets set by both the industry and the Biden administration. 🔧 Addressing Challenges: While the outlook is bright, challenges such as grid integration, storage solutions, permitting processes, and innovation must be addressed to sustain momentum. The future of solar energy in the United States is bright, and by overcoming challenges and capitalizing on recent growth, we can shape a cleaner, more sustainable energy future for the nation. Contact Bridging Local for a detailed Market Report: https://lnkd.in/d6YahQP4 #SolarEnergy #CleanEnergy #Renewables #Sustainability #GreenFuture #solarpanelindustry #SolarPVMarketTrends🌟

Always exciting to see the solar industry demonstrate impressive growth in the U.S. So far, in the first quarter of 2024, the U.S. has seen rapid development with 11.8 GWdc of capacity installed, marking one of the best quarters so far on record as noted by the most recent report by the Solar Energy Industries Association (SEIA) . Notably, utility-scale projects led the way by contributing 9.8 GWdc – these surpassed annual totals from just a few years ago.  Distributed solar segments, however, faced some challenges. Residential solar has seen a 25% decline year-over-year, influenced by factors such as high interest rates and regulatory shifts in California. On a brighter note, I’m happy to see commercial and community sectors have remained stable, with constant efforts to foster growth through new state policies and market diversification.   I’m proud to share that at SolarTech, we’re committed to staying informed and leading the way in solar knowledge. Follow us to stay updated on industry trends as we continue to shape the future of solar power together. If you would like to discuss anything regarding the solar industry, I’m all ears. The full report: https://lnkd.in/gVnm_Tzm   Install with SolarTech: https://lnkd.in/gD7RczDq  #SolarTech #SolarIndustry #RenewableEnergy #Sustainability SolarTech

This is a great one: America’s the first grid-connected solar system was installed in 1973. It then took the US forty-three years get to 1 million grid-connected solar systems installed in 2016. Eight years later we have just crossed the line of 5 million installations across America, with Solar Energy Industries Association projecting that we’ll get to the 10 million systems mark by 2030. The backdrop of stories around permanent capital deployed, domestic jobs created, and grid restructure here is significant, and we’re still in the early innings of this sustainable infrastructure rollout...   Read more here: https://lnkd.in/eShDdQ4D #5millionsolar #madeinUSA #infrastructure

🌞 Navigating Solar Energy: Challenges and Considerations Renewable electricity is on the rise, with solar and wind power projected to surpass fossil fuels in the US by 2024. The efficiency of solar panels improves annually, and economies of scale are driving down costs. However, installing solar panels isn’t without its challenges. Limited grid capacity and the inflexibility of national power systems pose significant hurdles to widespread solar adoption. Grid operators planned to sell surplus power to neighboring states, but inadequate infrastructure in some regions struggles to handle sudden spikes in solar energy. In states like California, where solar contributes 25% of generation, daytime peaks often exceed demand, echoing issues in Nevada and Hawaii. Previously, residents benefited from state net-metering programs, receiving compensation for surplus electricity. Recent regulatory changes now tie compensation directly to solar power’s grid value, potentially impacting payouts and payback periods. To optimize returns, homeowners can integrate batteries to store surplus power during low-production periods. However, adding batteries doubles installation costs. A standard 6 kW solar setup costs $13,000-$15,000. Integrating a Tesla Powerwall doubles this investment, extending payback periods to approximately 10 years—matching the battery’s warranty. Consequently, states are scaling back incentives, and energy analysts forecast a possible 40% decline in solar installations for 2024, reflecting shifting market dynamics. What are your thoughts on solar panel installations amidst these challenges? Is now the right time to invest in solar energy? Share your insights. #SolarEnergy #RenewableFuture #EnergyTransition #GreenTechnology #ClimateAction

📢 𝗽𝘃 𝗺𝗮𝗴𝗮𝘇𝗶𝗻𝗲 𝗨𝗦𝗔 𝗪𝗲𝗲𝗸 𝟮𝟬𝟮𝟰 kicks off on October 22nd with "𝗦𝗼𝗹𝗮𝗿 𝗪𝗶𝗻𝘀 𝗼𝗻 𝗖𝗼𝘀𝘁!" 🌞   The 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗔𝗰𝘁 (𝗜𝗥𝗔) has been a 𝗸𝗲𝘆 𝗰𝗮𝘁𝗮𝗹𝘆𝘀𝘁 for U.S. solar and storage markets, driving significant growth in 𝗰𝗮𝗽𝗮𝗰𝗶𝘁𝘆, 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴, 𝗮𝗻𝗱 𝗷𝗼𝗯𝘀. Solar is now a 𝗹𝗲𝗮𝗱𝗲𝗿 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗹𝗲𝗮𝗻 𝗲𝗻𝗲𝗿𝗴𝘆 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻, attracting global investor interest.   However, while these developments are promising, 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 and require a 𝗻𝘂𝗮𝗻𝗰𝗲𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀.   𝗝𝗼𝗶𝗻 𝗼𝘂𝗿 𝘃𝗶𝗿𝘁𝘂𝗮𝗹 𝗽𝘃 𝗺𝗮𝗴𝗮𝘇𝗶𝗻𝗲 𝗨𝗦𝗔 𝗪𝗲𝗲𝗸!   📅 Day 1 – Tuesday, October 22 🕙 10:00 am - 1:00 pm EDT, New York City ⚡ SOLAR WINS ON COST   𝗢𝗻 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟮, industry experts will analyze the trends behind solar’s impressive rise. They’ll explore manufacturing growth, job creation, solar installations, financial investments, and the sustainability of this growth, as well as the challenges of integrating it into existing infrastructure.   🎯 𝗞𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • Learn about new U.S. solar manufacturing plants • Gain insight into the solar supply chain, where gaps exist and timeline for capacity buildout • Learn who is making tax equity investments, how much and why • Understand the business benefits of tax credit transfers along with risks and challenges   🎤 𝗚𝘂𝗲𝘀𝘁 𝗦𝗽𝗲𝗮𝗸𝗲𝗿𝘀: • Alfred Johnson - Crux • Dominic Buergi - STÄUBLI • Heather Boushey - Investing in America Cabinet, The White House • Jarell Mason - Aurora Solar  • Lesley Hunter - American Council on Renewable Energy (ACORE) • Robert Gibbons - TrinaSolar US Moderated by: Anne Fischer, Senior Editor, and Ryan Kennedy, Editor at pv magazine USA.   👉 Register now and don’t miss the opportunity to stay ahead in the solar industry! 🔗 Register Here: https://lnkd.in/dZs78hih   #pvUSAweek #SolarEnergy #CleanEnergy #UtilityScaleSolar #InflationReductionAct #Renewables #EnergyStorage

The U.S. now has #5MillionSolar installations — thanks to the more than 263,000 American #solar and #storage workers. Solar powers high-quality jobs from coast to coast, and we’re not slowing down. As the Inflation Reduction Act encourages even more homes and businesses to go solar, the economic opportunities the industry delivers will only continue to grow. Read more about the latest solar news from the @Solar Energy Industries Association: https://hubs.ly/Q02xqzw70