The solar industry is quickly changing and experiencing unprecedented growth. Here are 5 facts that may surprise you about this increasingly popular source of power, according to the Department of Energy.
1. Solar energy is the most abundant energy resource on earth — 173,000 terawatts of solar energy strikes the Earth continuously. That’s more than 10,000 times the world’s total energy use.
2. The space industry was an early adopter of solar technology. In the 1950s, the space industry began to use solar technology to provide power aboard spacecraft. The Vanguard 1— the first artificial earth satellite powered by solar cells — remains the oldest manmade satellite in orbit — logging more than 6 billion miles.
3. Demand for solar in the United States is steadily increasing and is currently at an all-time high. The amount of solar power installed in the U.S. has increased more than 23 times over the past eight years — from 1.2 gigawatts (GW) in 2008 to an estimated 27.4 GW at the end of 2015. That’s enough energy to power the equivalent of 5.4 million average American homes, according to the Solar Energy Industries Association. The U.S. is currently the third-largest solar market in the world and is positioned to become the second.
4. As prices continue to fall, solar energy is increasingly becoming an economical energy choice for American homeowners and businesses. Still, the biggest hurdle to affordable solar energy remains the soft costs — like permitting, zoning and hooking a solar system up to the power gird. On average, local permitting and inspection processes add more than $2,500 to the total cost of a solar energy system and can take up to six months to complete.
5. California’s Mojave Desert is home to Ivanpah Solar Power Facility, the world’s largest operating solar thermal energy plant. It uses concentrating solar power (CSP) technology to focus 173,500 heliostats, each containing two mirrors, onto boilers located in three power towers. The plant, which came online in 2014, has a gross capacity of 392 megawatts (MW). CSP technology is unique in that it allows for solar energy to be stored for use after the sun sets — a key focus for our recent research and development efforts— which addresses some of the concerns over delivering solar power when and where it is needed most.
As the industry continues to grow, it’s become increasingly more cost effective to go solar. Explore the many benefits of solar power and find out how easy it is to go green!