Driven by lower installed costs, improved project performance, and a race to build projects ahead of a reduction in a key federal incentive, utility-scale solar project developers have been negotiating power sales agreements with utilities at prices averaging just 5 cents/kWh.
DOE's 'Tracking the Sun' report examines various drivers for PV system prices
September 7, 2015
Installed prices for residential and small nonresidential systems completed in 2014 were $0.40 per watt (W) lower, and prices for large non-residential systems were $0.70 per W lower, than in the prior year.
An innovative large scale heat pump system from Star Renewable Energy and E.ON will work with a solar energy installation to supply E.ON’s community energy center in Cranbrook to the east of Exeter, with renewable heating and hot water.
As demand and support for energy efficiency, long-term cost reductions, and other benefits provided by solar installations grow, so does concern over how solar will look after current federal tax credits expire at the end of 2016.
Homeowners may install solar at no upfront cost and pay less than traditional electric utility bills
July 23, 2015
WGL Energy Services Inc. has teamed up with solar power provider SolarCity to offer residential customers in Maryland, Delaware, Pennsylvania, and Washington, District of Columbia, the opportunity to install a custom-designed solar energy system.
Includes advancing employment opportunities in the solar industry
July 22, 2015
The White House has announced a new initiative to increase access to solar energy for all Americans, in particular low- and moderate-income communities, while expanding opportunities to join the solar workforce.
IGS Solar will finance, own, and operate the solar project, which is now under construction
July 6, 2015
IGS Solar LLC, a commercial and residential solar provider, has teamed with ReVision Energy, a solar energy contracting company, to build, own, and operate five solar arrays at Proctor Academy. The private co-educational day and boarding school is located in Andover, New Hampshire, and serves grades 9-12.
Renewable energy use grew an average of 5 percent per year over 2001-2014
June 11, 2015
Renewable energy accounted for 9.8 percent of total domestic energy consumption in 2014, according to a new report from the U.S. Energy Information Administration (EIA). This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply.
The turbine uses solar energy stored in molten salt for power generation day or night
June 11, 2015
Monarch Power announced it has been granted a U.S. patent for a new turbine that can power, heat, and cool homes and businesses using solar energy or natural gas. The Hui turbine is the invention of Monarch CEO Joseph Hui, professor emeritus at Arizona State University.