Solar Power Expected to Continue Growth

December 22, 2016

Driven by a dramatic decline in installation costs and continued incentives, solar photovoltaic (PV) installations across the nation have dramatically increased in the past decade.


In December 2015, Congress agreed to extend the 30% solar investment tax credit on a graduated scale. The solar investment tax credit remains at 30% until 2019. In 2020 it will drop to 26%, and in 2021 it will drop to 22%. After 2021, the tax credit will drop permanently to 10% for commercial solar projects and 0% for residential. These tax credits have helped make solar power fiscally feasible for entities such as K-12 schools, municipalities, and commercial facilities. In addition to these tax credits, many states have some sort of additional rebate or incentive for solar projects. Even without rebates and incentives, solar power is expected to become the world’s cheapest form of electricity due to an expected rise in electric rates, net metering opportunities, and energy storage technology options.


Ryan Stout, National Solar Manager

Ryan Stout

National Solar developer

Solar Market Insight Report 2016 Q3

University of Arkansas at Pine Bluff, Performance Services sign $19.3 million energy contract
Solar Contact Form
Similar Resources

A Brighter Future: Solar for Schools

Solar power has long been touted for its environmental impact, but with the latest advancements in technology and quicker return on investment, solar energy may now be the best way for schools to shine.


Five Reasons To Go Solar Today

Through careful planning, helpful incentives, and a little bit of luck, the stars are aligning for the viability of today's solar power systems.


Renewing Water Infrastructure One City at a Time

The City of Jacksonville saved millions of gallons of water during the Texas storm surge as a direct result of their water infrastructure project.