The Solar Industry Continues to Boom in Arizona: Saguaro Solar is Growing!
As the solar industry grows across the United States, Saguaro Solar is proud to be a leading solar power provider in Arizona. The team at Saguaro Solar has helped a combined 10,000+ households transition to clean energy. With the recent increase in demand for solar power, we are expanding our operations to meet the needs of our customers. We are committed to providing quality products and services that will help save money and protect the environment. Let's dive into the Solar Industry in Arizona!
The Growth of the Solar Industry in Arizona
The solar industry in Arizona is booming, and for a good reason. The state gets an incredible amount of sunlight, making it the perfect place to harness solar power. And, with incentives like the Arizona Solar Tax Credit, going solar is a smart financial choice for many homeowners and businesses.
According to a Solar Energy Industries Association (SEIA) report, the solar industry grows at 20% per year. In 2021, there was 63 G.W. of solar installed in the U.S. The U.S. Energy Information Administration forecasts this number to grow by 21GW in 2022 and 23 G.W. in 2023.
Solar isn't just good for the environment - it's also good for the economy. In 2021, solar generated nearly $15 billion in economic activity in Arizona and supported almost 1.3 million new jobs. That number is only expected to grow in the coming years.
The solar industry has been one of the fastest-growing industries in the state for the past few years. This growth is due to various factors: the high cost of electricity in Arizona, the availability of sun and wind power, state and federal incentives for solar energy, and the growing awareness of the benefits of solar power.
As a result, there has been a surge in demand and supply for solar panels in Arizona. This surge of solar panels supplies is good news for homeowners and businesses interested in going solar, as it means that they have more options and can get better prices. It's also good news for the economy, as it has created millions of clean energy jobs in the solar industry.
An Overview of the Solar Industry in Arizona
Arizona is one of the sunniest states in the country, making it an ideal location for solar energy production. The state has a long history of solar energy use dating back to the early 1900s when solar thermal power plants were built in Yuma and Phoenix.
Today, Arizona is home to some of the largest solar power plants in the world. The Solana Generating Station near Gila Bend is the largest concentrating solar power plant globally. The Agua Caliente Solar Project near Yuma is one of the world's largest photovoltaic solar power plants.
These, among other power plants, have made Arizona a leader in harnessing renewable energy sources. In fact, Arizona is ranked 3rd in the nation for its potential to generate solar power.
Environmental Impact of Solar industry in Arizona
The Solar industry provides many benefits to Arizona, including reducing air pollution and greenhouse gas emissions, diversifying the state's energy mix, and creating jobs. In addition, solar energy is a clean and renewable resource that can help reduce our dependence on fossil fuels.
Arizona Solar power is pollution-free and emits no greenhouse gases when generating electricity. In addition, solar P.V. systems have offset other sources of air pollution by generating clean energy. Solar P.V. systems have also displaced the need for water used in traditional power generation, further reducing their environmental impact.
Economic Impact of Solar Industry in Arizona
In addition to these environmental benefits, solar P.V. has also provided economic benefits to Arizona. Solar power has saved consumers money on their electric bills and has helped stabilize electric rates by providing a hedge against rising fossil fuel prices. Solar P.V. systems have very low maintenance costs and a long lifespan, making them a very cost-effective investment, with solar panels falling by over 60% in the last decade.
The solar industry is also a significant source of jobs in Arizona. It has helped the economy by providing jobs throughout the state in various sectors, including installation, manufacturing, sales, marketing, and maintenance of solar equipment. In 2021, there were over 1.3 million solar jobs in the state. This number is expected to grow to over 3 million by 2025. The state is home to over 200 solar companies, including some of the largest in the world.
Arizona Energy Policies and Incentives
Arizona has several policies and programs in place to support the solar industry. In 2006, the state enacted a Renewable Portfolio Standard (RPS) that requires utilities to source 15% of their electricity from renewable sources by 2025. Solar energy is expected to play a significant role in meeting this target.
The state also offers many incentives for solar development, including a property tax exemption for solar equipment and a Renewable Energy Tax Credit. These incentives have helped make Arizona one of the leading markets for solar energy in the United States.
The Solar industry in Arizona will continue to grow in the coming years. The state's abundant sunshine, favorable policies, and incentives will continue to attract solar development. This growth will create new jobs and bring economic benefits to the state.
Solar Industry in Arizona vs the Other States
According to the Solar Energy Industries Association, as of 2021, Arizona ranks 3rd in the nation for solar energy capacity. In 2021, solar-generated electricity in Arizona amounted to over 43% of the state's total electricity production.
Arizona has average daily insolation of 6 kWh/m2, compared to 4-5 kWh/m2 in most of the eastern and central United States. Additionally, the state has over 300 sunny days per year. The combination of high insolation and sunny days makes Arizona an ideal location for solar power generation. Additionally, the state has a large amount of open space that can be used for solar development.
Arizona has a relatively strong solar industry compared to other states in America. This is partly due to the state's policies and incentives for solar energy development. For example, the state offers a renewable energy tax credit that covers up to 26% of the cost of installing a solar system. Additionally, utilities must source 15% of their power from renewable sources by 2025. These policies have helped make Arizona one of the leading states for solar energy development.
Despite these strong policies, Arizona's solar industry still lags behind other states such as California and North Carolina. This is due to many factors, including the state's relatively low electricity prices and its lack of a statewide renewable energy standard. Additionally, Arizona has been slow to adopt many newer solar technologies, such as community solar and storage. As a result, the state's solar industry has not been growing as rapidly as it could be.
Arizona's solar industry is expected to continue to grow, albeit at a slower pace than in other states. This growth will be driven by continued cost reductions and the adoption of new technologies. Additionally, the state's utilities are expected to turn to solar to meet their renewable energy goals increasingly. With these factors in mind, Arizona is likely to remain a critical state for solar energy development in the years to come.
Why it's the Smart Choice to use Renewable Energy in Arizona
Renewable energy is becoming increasingly popular as people look for ways to save money and help the environment. Solar energy is an excellent option for those who want to reduce their carbon footprint and do their part to combat climate change.
Solar energy jobs are also on the rise in Arizona. According to the Solar Foundation, there are over 1.3 million solar installer jobs in the state, which are growing. This growth is good news for the economy, but it also means more opportunities for people in Arizona to get training and find employment in the solar industry.
Additionally, people receive pay for going solar with the Solar Renewable Energy Credit (SREC) program. The government created this program to encourage the growth of solar energy in Arizona. SRECs can be sold or traded for cash, and somebody can use the money to offset the cost of going solar. There are many reasons why now is a great time to go solar, but ultimately it comes down to saving money and helping the environment.
Why Now is the Time to Go Solar
If you're considering solar for your home or business, there's no better time than now. With solar prices at an all-time low and solar technology more efficient than ever, there's never been a better time to go solar.
Get in touch with Saguaro Solar today to learn more about solar in Arizona for your home or business! We offer a wide range of solar products and services to meet the needs of everyone in the community.
