Over the last couple of years we’ve seen the solar industry boom due to solar rebate initiatives. These programs give a residential or business owner money back for solar power installations. Depending on what state you are in these rebates can be of a substantial amount of money, and they have been quite successful.
Not only have these programs increased the amount of photovoltaic systems throughout the US but the average cost of installing a new solar power installation has decreased dramatically from $9 to $6 since 2008. This is a huge difference in price.
This decrease in the cost of solar power is extremely important for the future as at the moment cost for a Kilowatt of power throughout the US ranges from 8 cents to just under 20 cents per KwH. These prices are set to dramatically increase in the upcoming years. Renewable energies however will continue to fall as more and more projects are completed. This will amount to vast savings in the next 50 years .
Not to mention the revenue and jobs solar power projects are bringing in as well. Take Pennsylvania for instance. According to The Mercury, “the share of solar power added to Pennsylvania’s grid increased by 350 percent and brought $1.4 million into the state’s economy in 2009.” As our economy and job market is in recession, generating new technology jobs, while generating clean renewable energy should be a main focus for the US.
We are also seeing a positive trend of schools embracing the need of investing in solar power for it’s environmental and economical benefits.
All in all, renewable energy is gaining more mainstream support everyday.

