Electricity produced at or near the point where it is used is called Distributed Generation (DG). Distributed solar energy can be located on rooftops or ground-mounted, and is typically connected to the local utility distribution grid. There are a wide variety of policies at the federal, state and local level that impact distributed solar and its customers.
Net metering allows residential and commercial customers who generate their own electricity from solar power to sell the electricity they aren't using back into the grid. Many states have passed net metering laws. In other states, utilities may offer net metering programs voluntarily or as a result of regulatory decisions. Differences between state legislation, regulatory decisions and implementation policies mean that the mechanism for compensating solar customers varies widely across the country.
Effective direct incentives for solar energy can take a variety of forms depending on the administrative abilities of a given state. Some states have chosen to offer tax credits, others offer up-front rebates administered by state agencies or utilities, and still others offer performance-based incentives that are paid by an agency or utility over time based on kWh production.
Solar is the fastest-growing source of renewable energy in America. So far, the solar industry has generated enough clean, reliable and affordable electricity to power more than 2.2 million homes. Solar has created tens of thousands of new American jobs and pumped tens of billions of dollars into the U.S. economy. In fact, more solar has been installed in the U.S. in the last 18 months than in the 30 years prior.
The Solar Farm Developers industry has been skyrocketing over the past five years. Demand for new solar farms has been backed primarily by government incentives, such as the Solar Investment Tax Credit (ITC), which encouraged private investment into solar technologies by offering tax credits.
With these incentives, solar farms and other solar-power development projects have been built at accelerating rates over the past five years. This is because solar technology is not yet cost-competitive with other types of energy used in electricity generation.
Demand for construction of utility-scale solar power projects has skyrocketed thanks in large part to substantial government assistance. In addition to heavy demand catapulting revenue upward. The falling capital costs have expanded the industry’s profit margins.
Statistics has it that an estimated 85% of U.S. residents can neither own nor lease solar panel systems because their roofs are physically unsuitable for solar or because they live in multi-family housing. At least 52 projects are under development in at least 17 states, and at least 10 states encourage their development through policy and programs.
Statistics has it that The Solar Farm Developers industry in the United States of America, is worth $10bn, with an estimated growth rate of 46.5 percent.
There are about 80 registered and licensed solar farm developer businesses in the United States, and they are responsible for employing about 9,027 people.
Most people who have a stake in the industry will quite agree that the solar farms industry has come to stay and of course, it is one industry that plays key roles, not only in the business world and in our homes simply because it is one eco – friendly way of generating power.
A one-megawatt solar farm project will cost somewhere around $2.5 to 3.5 Million U.S. dollars and require a land of no less than about three acres. Building solar farms that have higher output rates while requiring less ongoing maintenance is where a solar farm company really excels.