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The State of the U.S. Solar Industry

The new U.S. solar insight report from the Solar Energy Industries Association (SEIA) has created a lot of buzz in recent weeks. The report, which analyzed the growth of residential solar in the U.S. during the first quarter of 2015, announced a 76% increase from 2014’s first quarter.

In fact, 51% of all new electricity in the country was generated by solar panels owned by people just like you. This is particularly good news because it shows that everyday American homeowners are truly starting to embrace solar and its potential.

It’s no surprise that commercial solar was the first to take off. After all, renewable energy is a logical investment for any business looking to make money, because it can cut or eliminate electricity costs. But for homeowners, who are worrying about saving for retirement or sending the kids to college, it seems harder to make that initial investment in solar – until they realize that, in many cases, they’ll be spending more without solar (to the utility company every month without fail) than they will with it, right from the start!

Yes! You read that right!

As solar continues to spread like wildfire across America, people are realizing that solar always pays off in the end…and often helps their wallets right from the beginning.

In the first quarter of 2014, residential solar growth exceeded commercial growth for the first time ever. Now, just one year later, residential solar saw more growth in this three-month period than in any other previous quarter – it even outpaced the natural gas industry!

Now that the average citizen is on board, there is no stopping solar in America.

by Sarah Bergen, Blogger/Publicist, Exact Solar

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