Solar energy, once considered an expensive alternative, has witnessed a dramatic decrease in costs over the years. This transformation has not only made solar a viable option for many but has also positioned it as a frontrunner in the renewable energy sector.
A Glimpse into the Declining Solar Costs
Recent data from the U.S. Energy Information Administration (EIA) paints a promising picture for solar enthusiasts. Between 2013 and 2016, the cost per kilowatt of solar power plummeted by an impressive 33%. To put this in perspective, in 2013, the cost stood at $3,700 per kilowatt, which reduced to a mere $2,500 per kilowatt by 2016.
In comparison, other clean energy sources didn’t exhibit such a drastic cost reduction. Wind energy, for instance, saw a modest decrease of nearly 15%, while natural gas prices remained relatively stable.
Incentives and Solar Farms: A Winning Combination
The significant drop in solar costs can be attributed to various factors, with government incentives playing a pivotal role. These incentives, available at local, state, and federal levels, have made the construction of new solar plants more appealing. The outcome? A surge in the establishment of solar farms. As per the EIA’s findings, the U.S. witnessed the construction of three gigawatts of new solar power in 2015, which astonishingly leaped to eight gigawatts in 2016. This growth trajectory enabled solar to outpace natural gas, marking its dominance in the energy sector.
The Road Ahead for Solar
While the decline in solar costs is commendable, there’s still a journey ahead. Certain regions, devoid of California’s abundant sunshine, might lean towards other energy sources. Yet, the EIA’s report is a testament to solar’s potential, indicating its increasing affordability. As solar continues its march towards becoming more pocket-friendly, it paves the way for a greener and more sustainable environment.
San Diego County Roofing & Solar, as one of the leading San Diego roofing companies, invites you to be a part of this solar revolution. Embrace the future with us and make a difference not just to your utility bills but to the planet as well. If you’re ready to harness the power of the sun, we’re here to guide you every step of the way.