Year to date over the course of 2017 to 2018, in accordance with the #Department of Energy’s Energy Information Administration, electricity generation from #solar PV grew just under 30 percent. This year, #solar PV has only provided a little more than 2.3 percent of the total electricity produced in America. While development of solar PV generation is slowing down, it is still on track to dominate. Read on for more information on changes to anticipate. Clean #energy is certainly seeing a great deal of popularity in the United States, and it’s easy to see why!
Clean Energy Growth
Solar wasn’t the only form of energy to grow – natural gas expanded by roughly 15 percent from a big base; coal has actually been down just under 5.5 percent; wind happens to be up 14 percent; and nuclear is up a little more than 2 percent. In the first nine months of the year, solar and wind equaled 8.7 percent of all electricity.
Electricity generation would be expected to increase if the United States were to deploy close to an equal amount of solar capacity as it did in 2017, in 2018. Therefore, the progression of overall solar electricity would drop to roughly 22 percent, which would be the lowest rate of growth over the last 10 years. But this doesn’t mean solar won’t continue to be an extremely popular form of energy.
Growth Over Previous Years
How do these #solar growth rates compare to previous years? Take a look…
In 2015 over 2014, rates were roughly 35 percent. In 2016 and 2017 over previous year, the number was 44 percent. From 2019 to 2022, expanded volumes of solar PV are anticipated to be installed. Toward the end of this time frame, rates of solar growth are expected to increase heavily.
A hypothetical analysis has suggested that if solar power were to gradually lessen its growth rate by just 5 percent a year from the 22 percent anticipated slower growth rate for the following year, the solar industry would actually generate roughly 40 percent of today’s electricity usage by the year 2038. Fast forward to the year 2038, and this model would propose a growth rate for solar electricity of 8.8 percent each year, which is roughly a quarter of this year’s anticipated growth rate.
Let’s say in 2020 through 2022 that the volume for solar deployed in 2017 and 2018 doubles. If this ends up being the case, clearly there will be a premature leap in rates of solar growth. While this rate of solar growth would not be quite as high as in 2016 through 2017, there would be no question that progression is still taking place. To put it simply, we would hit 40 percent of total electricity around the year 2027 if this year’s 29 percent solar growth rate stayed the same over the next 10 years. This rate of development would likely be unmanageable.
The numbers can understandably become quite confusing. But to give a better idea of how fast solar PV generation is developing, let’s look at some information provided by #Solar Energy Industries Association (#SEIA). According to seia.org, in Q2 2018, 2.3 GW of solar PV capacity was installed in the United States, which equates to just over 58 GW of total installed capacity, and this is enough to power 11 million homes in America. These numbers are indicative of a 7 percent quarter over quarter decrease and a 9 percent year over year decrease. But also according to Solar Energy Industries Association, over the course of the next five years, total installed solar PV capacity in the United States is expected to at least double. And the expectation is that by the year 2023, more than 14 GW of PV capacity will be installed each year.
The numbers are holding strong, regardless of which way you look at it. Solar PV generation is on track to dominate in the United States. Keep following solar news so you stay in the know regarding new information coming out regarding clean energy.