Is Solar Energy Cheap, More Than Ever Before?

is solar energy cheap

Solar energy has long been recognized not as a cheap form of energy, but rather as a premium alternative distinguished by its superior quality and delivery methods. However, advancements in technology, manufacturing methods, increased vendor availability, and greater economies of scale have collectively contributed to a significant reduction in the cost of solar adoption over the past decade.

Is Solar Energy Cheap Now?

According to CNET, the average cost of a rooftop solar system has seen a remarkable decline, now hovering around $25,000, down from about $50,000 just ten years ago. This substantial reduction can be attributed to several factors, including decreasing material costs and efficiency gains in the installation process.

The introduction of the federal solar tax credit, expanded through the Inflation Reduction Act in 2022, has provided a significant boost to the solar industry. This incentive allows for a 30% offset of the cost of residential solar installations, making solar energy more accessible to American homeowners. With a decade’s worth of certainty built into these federal incentives, the price of solar is poised to continue its downward trajectory. 

Experts anticipate that costs will continue to decline as the industry matures and economies of scale come into play. With the permanence of federal incentives, players in the solar industry have received the green light to invest in their operations, leading to further cost savings for consumers. Additionally, advancements in technology and the potential for new domestic manufacturing facilities are expected to address supply chain issues and drive down costs even further.

While the federal boost for solar is undoubtedly positive, challenges remain at the state and international levels. Global supply chain issues have led to modest cost increases for the residential market, impacting solar installations. However, the increasing demand for home batteries, coupled with the pairing of solar with storage for reliable backup power, presents opportunities for further cost reductions.

Leveraging Community Support and Federal Initiatives

Despite the upfront cost of solar installations, there are avenues for making solar more affordable. Partnering with neighbors to negotiate bulk discounts with solar installers can result in substantial savings. 

Additionally, federal initiatives such as the Inflation Reduction Act offer additional credits for low- and moderate-income homeowners and those living in neighborhoods near polluting industries. Community solar programs also provide an alternative for accessing solar energy without the need for rooftop installations.

The average solar panel system cost is down significantly over the past decade. This represents a significant milestone in the transition towards renewable energy. With the support of federal incentives, increased investment, and community collaboration, solar energy is becoming increasingly accessible to homeowners and businesses alike. 

As we look to the future, the continued advancement of solar technology and the expansion of initiatives such as solar tax credits and solar buyback plans in Texas will further accelerate the adoption of solar energy and drive commercial solar ROI.

Reach out here.

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Sunshine Renewable Solutions proudly partners with a leading Texas-based plastic manufacturer, embarking on a groundbreaking initiative to fortify its commitment to sustainability.

By integrating solar energy solutions, we're revolutionizing their environmental impact. Our collaborative efforts aim to construct a robust solar infrastructure, harnessing renewable energy to power their operations efficiently.

Together, we're spearheading a transformative shift towards renewable practices, demonstrating how solar power can drive industrial progress while prioritizing environmental responsibility. Sunshine Renewable Solutions is honored to work hand-in-hand with this industry leader, fostering a brighter, greener future through the strategic implementation of solar energy solutions.

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Creating The Foundation

As the foundational step in our partnership, the construction of concrete piers for the solar panel structure marks a pivotal milestone in our solar energy initiative. These concrete piers serve as the bedrock of support for the entire solar infrastructure, providing stability and durability essential for the efficient functioning of the solar array.

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Precision And Accuracy Are Paramount

Our engineering team meticulously plans and designs the layout of the piers, ensuring they are strategically positioned to uphold the solar panel array's weight and withstand environmental factors such as wind and inclement weather. We adhere to industry standards and best practices to create a robust foundation that guarantees the longevity and resilience of the solar installation.

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A Solid Foundation

Environmental considerations are taken into account throughout the construction process, ensuring minimal disruption to the surrounding ecosystem. Our commitment to sustainability extends beyond energy production to encompass responsible construction practices.

By establishing these concrete piers foundations, we are ready to start Phase 2, erecting the metal support bars. Enabling the subsequent installation of solar panels will power the plastic manufacturer's operations while significantly reducing their carbon footprint.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Texas Plastic

Sunshine Renewable Solutions to Help Formosa Plastics of Point Comfort, Texas, Achieve Sustainability Goals

Formosa Plastics is a major producer of polyethylene, polypropylene, and polyvinyl chloride resins, which are widely used in various industries worldwide. Recognizing its role in environmental stewardship, Formosa Plastics sought to collaborate with a reputable sustainability consultant who can provide solutions to reduce its impact on the environment.

Sunshine Renewable Solutions is a leading sustainability consulting firm that specializes in renewable energy and environmental sustainability. The company has a team of experts who help clients identify opportunities to reduce energy consumption, lower greenhouse gas emissions, and implement sustainable practices through solar power.