By Sarah Lozanova
The U.S. has enough installed solar energy capacity to power 4.6 million homes. Solar energy accounted for 32 percent of total new power generation in 2014, exceeding coal and wind energy but lagging behind natural gas. In just nine years, the installed cost of solar energy has fallen by more than 73 percent – setting up the industry for explosive growth.
TriplePundit spoke with Vikram Aggarwal, founder and CEO of EnergySage, the so-called “Expedia of solar,” about solar energy trends and what to expect for 2016 in the residential market.
1. Unprecedented boom continues
Last year, analysts predicted that solar would grow by 57.4 gigawatts in 2015. The recent five-year extension of the investment tax credit (ITC) in the U.S. for both residential and commercial installations further enhances the growth trend. Now that solar manufacturing capacity has expanded significantly, the price of solar equipment has plummeted – making solar energy cheaper than grid-supplied power in many markets.
“The residential solar market is a vibrant $7 billion industry, and on track to generate more revenue by year-end 2016 than Major League Baseball,” Aggarwal said. “The economics of solar are rapidly changing for solar shoppers, installers and financiers alike.”
Google is leading the clean-energy revolution like no other company. It has invested in 22 renewable energy projects to date. In fact, Google is the biggest corporate purchaser globally of renewable energy, with a hand in utility-scale wind and solar projects that span the globe. Google has a goal to power 100 percent of its operations from renewable energy, and it is well on its way.
“We’re really trying to lead this transition to a cleaner energy economy,” said Michael Terrell, principal for energy and infrastructure at Google. “It’s transforming anyone who touches the energy space. It’s not just about data centers or tech companies.”
The Google approach to renewable energy is not unlike how many utilities purchase power. It often enters into power purchase agreements: long-term financial agreements, typically with wind farms, to buy power. The projects that Google has been involved with span the globe, including in Sweden, Iowa, Oklahoma and California, along with a recent $12 million investment in the largest solar energy project in South Africa.
by Sarah Lozanova
Installed solar energy capacity in the U.S. is growing dramatically, with numerous record-shattering years in a row. There is now enough installed solar energy to power over 4.6 million U.S. homes and a new solar project is installed every two minutes. Meanwhile, the cost of solar has fallen significantly, helping to fuel this unprecedented growth.
Solar energy (r)evolution
Since 1998, the cost of residential and commercial solar photovoltaic (PV) systems has fallen every year by an average of 6 to 8 percent, according to the National Renewable Energy Laboratory. Since 2006, the installed cost of solar energy has dropped more than 73%. Once a market dominated by environmental motives, many people are now installing solar PV to save money.
This 36-unit community may be the nation's first planned development built around Passive House green building standards.
By Sarah Lozanova
Even from the layout of the homes, visitors can tell something is unique about Belfast Cohousing & Ecovillage. “Where are the driveways?” one guest asks. “How strange, these houses don’t have any driveways!”
Belfast Cohousing & Ecovillage (BCE) is a 36-unit intentional community on 42 acres in Midcoast Maine. Members designed the community from 2008 to 2011, before breaking ground in 2011; GO Logic, a Belfast-based design-build firm that specializes in sustainable building, designed the units and site plan and served as general contractor.
The homes are clustered, and a pedestrian path, not a road, runs through the six-and-a-half-acre built area. Despite being a rural property, all the homes are located in two- to four-unit buildings and range from 500 to 1,800 square feet with one to three bedrooms. The community layout encourages social interaction, offers safety for children, and provides open space for food production, wildlife and recreation. With PV solar systems, these highly efficient homes are near net zero.
PASSIVE HOUSE DESIGNS
When one enters the homes, it becomes obvious that the lack of driveways is only one of many differences between these houses and the average code-built home. Despite being located in Midcoast Maine, the houses have no furnaces.
Freelance clean energy writer