US Home Solar Power: a history of domestic solar power
Solar panels are everywhere because of the extraordinary advances in the solar technology. Year after year we are seeing the demand for solar energy in America rises and the benefit this brings the both Natures economy and the environment in form of US Home Solar Power are staggering yet after years of double-digit growth homes solar installations in the U.S fell for the first time in 2017.
The history of domestic solar power where the market currently is and as importantly where its like to go in the years to come. There has been a long history of using the Suns energy during the ancient times of Greeks, Romans, and Chinese when they use the mirrors to concentrate sunlight and light the fires. Since 1800 scientists have been experimenting with a photovoltaic effect which uses the suns energy to create electricity and for many years the experiments continued but regretfully never produced a usable amount of electricity. Finally, in 1954, scientists of Bell Labs built the first solar cell and silicon have enough juice to power electronics. After Bell labs pioneered the silicon solar cell to make solar cells more efficient with significant improvement taking it to 14% by 1960. This, of course, led NASA seeing the potential for solar energy and in 1958, launched its first solar-powered satellite in the orbit. Throughout the 1950s and 60s, therefore, were the space programs and many attempts were made to commercialize the solar energy systems but the high production cost made it extremely difficult. Finally, in 1970s Dr Elliot Berman along with his financial aid, the Exxon Corporation designed a solar cell that was significantly less costly in manufacturing and thus in this period the industrial use of solar panels actually began to build momentum. The designs of Dr. Berman were able to reduce the cost of solar panels from $100 per watt to less than $20 per watt by using chief materials. The surging price of oil that many people looking for alternative forms of energy and this is where solar energy first saw major public interest. Solar panels being used on lighthouses, offshore rigs, railroad crossings, and in all manner of remote locations and eventually people finally began to see domestic solar energy is the viable prospect. But the home solar installations slowed down as the traditional energy again dropped in price, however, when the federal governments began to get involved in the research and development of solar energy along with developed grants and tax incentives for people to use solar energy system in their homes since then manufacturing costs have continued to decrease increasing the home installations significantly. In fact, today the home solar energy systems are in a beneficial addition to every new home competing financially with traditional forms of energy and a lower environmental impact. A curative 10.6 gigawatts of solar voltaic from stores in the US in 2017 according to the research has been down from 15 gigawatts in the record-breaking 2016.
Being collectively accounted for 85% of installed resident capacity in 2016 amongst the top ten in solar markets there were only two that saw annual growth in 2017. California and major North Eastern markets experienced annual contractions whilst Arizona and Utah both experienced growth last year but driven by policy-related factors Utah saw a rush of applications out of the cut-off date for the Rocky Mountain powers more generous net metering program which ended in November.
What’s behind the nationwide slowdown, as the market analysts suspect the three main causes? Firstly, they suggest that the solar panel markets in major states are becoming saturated, in general, areas with greater so the penetration is experiencing heightened customer acquisition issues as the pool of adapters grow increasingly thin. Secondly, structural changes in the market have an effect with net metering reform and the loss of state incentives also playing a role and finally they suggest business model changes amongst the solar installation firms are playing a significant factor. Solar city, Vivint, and SunRun, the two big solar installers have had difficulty scaling up their new loans and customer-owned solar products. Solar city, as a leading residential solar installation across all dual types including leases, PPA loans, and cash sales in the third quarter of 2017. Whilst at the same time solar city saw a significant decline across major markets over last year. In Massachusetts last year the company’s installation volumes dropped by 75% but analysts suggest that the slow down across the US can’t be blamed entirely on Tesla’s solar business. Customer acquisition costs are a persistent issue for those in the residential solar sector while system components and even labour costs are declining the cost of acquiring new customers.
Many countries have streamlined the rooftop solar parenting process which lowers overall systems costs and hence follows logically that a lower-cost system is easy to sell. This also reduces customer acquisition costs as a compounding positive effect as the industry looks for new ways to cut costs. The residential solar is being cut with other technologies to add more value. However, last year slowdown was also triggered by certain policy shifts. The fourth-quarter 2017 leads to a price increase in PV market segments but in the utility skill scale used the threatened imposition of tariffs on Chinese imports, in addition, the cancellation delays the solar power projects deployed under the public utility regulatory policy act(PURPA) resulting in many projects spilling over into 2018. The story of the industry has struggled last year with policy changes both of the federal as well as state level. The US President Donald Trump’s 30% tariffs on imported PV cells and modules led to a market slowdown particularly, the utility ty-scale segment as well as increased prices and shortages of modules in the second half of the year. The effects of other major federal policy changes last year, particularly tax reforms have yet to be understood.
Across the globe, solar power is undercutting gas, coal, and nuclear costs and when combined with storage of a significant saving to electricity consumers. Initially thought of as a fad, US consumers, however, embraced solar power and it is clear that the electricity generator of the Sun has an increasingly bright future across the country.