US homes add rooftop solar at a record clip to cut power bills

Residential panel installations will jump by 5.6 GW in 2022. Households to add three times more solar than commercial users.

US households will install a record amount of solar this year to help slash electricity bills, according to a BloombergNEF analysis.

Residential solar installations will increase by about 5.6 gigawatts in 2022, led by Florida, Texas, the Midwest and California, according to a BNEF report Monday.

Higher electricity prices and tax credit extensions in the Inflation Reduction Act are fueling the rebound in residential solar adoption. Consumers are taking ownership of their own power supplies in pursuit of cleaner energy and to reduce their reliance on grids that are becoming more vulnerable to blackouts caused by extreme weather, wildfires and drought.

Click here to read the full article
Source: Bloomberg

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
Solar Star is in Rosamond, California. The area is predominantly desert & agricultural and several wild animal species can be found there.Discover the largest solar farm in California (and what lives around it)
The Solar Access Act is designed to speed up residential solar permitting through an instant, online process.California’s Senate passes Solar Access Act to speed up residential PV permitting
In 2022, around 10% of all new residential solar installations included paired storage — up from virtually zero in 2015.Rooftop solar system median size up 200%, with storage pairings rising: DOE lab
Portugal generated an ‘historic’ 95 per cent of its electricity from renewables in April, according to the network operator REN.Renewables are meeting 95% of Portugal’s electricity needs
Italy deployed 2.48GW of new PV systems in 2022, with the residential solar segment accounting for almost 50% of the total installed capacity.Italy hits 25 GW milestone
Community solar is a middle-ground approach, a different model, featuring solar arrays that provide energy savings for subscribers.Community solar is growing to fill the gaps in clean energy
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *