The New Energy Outlook (NEO) is Bloomberg New Energy Finance’s annual long-term global forecast for the future of energy. Focused on the electricity system, NEO combines the expertise of over 65 in-house country and technology-level specialists in 11 countries to provide a unique assessment of how the market will evolve.
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Solar energy is on the rise in the United States. At the end of the first quarter of 2015, more than 21,300 megawatts of cumulative solar electric capacity had been installed around the country, enough to power more than 4.3 million homes. The rapid growth of solar energy in the United States is the result of forward-looking policies that are helping the nation reduce its contribution to global warming and expand its use of local renewable energy sources.
Analysis from the Energy Department's National Renewable Energy Laboratory (NREL) finds that by making shared solar programs available to households and businesses that currently cannot host on-site photovoltaic (PV) systems shared solar could represent 32 to 49 percent of the distributed photovoltaic market in 2020.
Solar energy within the built environment may be an overlooked opportunity for meeting sustainable energy needs in places with land and environmental constraints.
In this report, Rocky Mountain Institute (RMI), with support from the U.S. Department of Energy’s SunShot Initiative, investigates opportunities to optimize and demonstrate DPV’s value as it is integrated into the grid to utilities, customers, and solar companies alike.
As distributed generation continues its rapid expansion, these new resources will have an increasingly larger role.
LAS VEGAS, NV – Calling solar "critical to the United States" when it comes to meeting its future carbon reduction goals, Department of Energy Secretary Ernest Moniz today delivered the keynote address at Solar Power International (SPI), the largest solar trade show in America, co-sponsored by the Solar Energy Industries Association (SEIA).
"Cost reduction, as we have seen dramatically in solar energy, is very much a part of shaping our clean energy future," Moniz said. "We've seen costs of modules decline by nearly 80 percent.
Utilities have taken on the practice of applying standby and fixed cost charges specific to solar PV for customers choosing to go solar as a means to recover costs resulting from net energy metering (NEM).
While PV modules and other hardware costs have dropped significantly over recent years, non-hardware soft costs have also fallen, but not nearly as sharply.