S O L A R & E N E R G Y S T O R A G E
As of 2022, more than 263,000 Americans work in solar at more than 10,000 companies in every U.S. state. In 2022, the solar industry generated over $36 billion of private investment in the American economy.
The cost to install solar has dropped by more than 40% over the last decade, leading the industry to expand into new markets and deploy thousands of systems nationwide. An average-sized residential system has dropped from a pre-incentive price of $40,000 in 2010 to roughly $25,000 today, while recent utility-scale prices range from $16/MWh - $35/MWh, competitive with all other forms of generation.
In the last decade alone, solar has experienced an average annual growth rate of 24%. Thanks to strong federal policies like the solar Investment Tax Credit, rapidly declining costs, and increasing demand across the private and public sector for clean electricity, there are now more than 162 gigawatts (GW) of solar capacity installed nationwide, enough to power nearly 30 million homes.