Solar Market Growth and Falling Prices

solar market growth

In Texas, we are seeing a vibrant solar market growth. While traditionally, the cost of solar installations was seen as a barrier for businesses and residential customers when transitioning their energy requirements to renewable sources, those days appear to be coming closer and closer to being in the past. 

With prices for solar array costs falling dramatically in recent years, more people across Texas can now take advantage of this technology than ever. In this article, we look at some of the facts and figures about solar and how Texas residents are now, more than ever, able to take advantage of this fantastic technology.  Texas solar installers can help more people realize their solar goals. 

Exploring Solar Market Growth & Falling Prices within the Solar Industry:

The Texas solar market has grown in recent years because of the increased availability of solar panels, greater distribution network, and falling prices. Prices have fallen across the board, with average prices per watt dropping 26% yearly between 2008 and 2013 due to increasing competition. Residential installations currently dominate the state’s solar market.

Approximately 60% of Texan’s homes have access to sustainable solar energy due to the high level of sunshine the state receives throughout the year. Texas’ solar market is driven mainly by residential customers. Still, businesses are also now adopting solar energy as an alternate power source, with the added number of commercial solar installers available. 

As a result of increased competition and government subsidies, prices for solar systems have fallen dramatically in recent years, meaning more people across Texas now have access to this fantastic technology than ever before.

Factors Driving the Cost-Effectiveness of Solar Energy 

Surplus inventory and lower production costs have led to significant cost reductions in solar technology. The cost of a typical solar system has dropped by over 50% since 2010, and this trend is expected to continue into the 2030s.

Consumers will also likely see even more significant savings as technological innovation accelerates. In April 2017, the SEIA reported that the cost of solar panels fell by 30% in 2016, and technology has never been cheaper or more efficient. From the 2020s into the 2030s, the potential for more cost-effective solar installations is expected to increase. 

Government subsidies, tax credits, and rebates have also contributed to solar market growth. As of 2020, Texas has a renewable portfolio standard (RPS) of 20%. In addition, Texas provides an incentive for solar installations through the Competitive Renewable Energy Zone (CREZ) program.

Currently, the state is home to more than 10,000 jobs in the solar industry. There are several large manufacturers based in Texas, and the corporations have installed solar systems throughout the state. 

Benefits of Investing In a Solar System 

  • Fewer outages: 

Solar energy storage systems can provide power even during grid outages, offering excellent protection against disruptive blackouts.

  • Reduced energy prices: 

Consumers who install solar systems can pay off their investment in the first seven years due to lower energy costs.

  • Lower utility bills: 

Most solar installations substantially reduce energy costs; in some cases, property owners can sell energy back to the grid through solar net metering agreements. 

  • Generation of renewable, clean power: 

Solar panels generate energy from the sun and therefore require no fuels or emissions. Solar panels produce no noise pollution and have low maintenance requirements.

Solar Market Growth

Texas has a bright future with solar energy. Solar market growth will continue as more residences and businesses hire solar panel installers for their projects and see the benefits of solar in Texas. 

As one of the best solar companies in Texas, we’d like the opportunity to help you best understand the benefits of switching to solar. 

Click the link to get your free solar quote.

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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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Follow The Build

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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Follow The Build

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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Follow The Build

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.