Solar, Wind Power Installation Accelerates

Filed in Environmental, Housing Trends by on September 30, 2016 1 Comment

Wind power and solar photovoltaic (PV) panels accounted for more than two-thirds of the new electricity generating capacity installed in the U.S. last year.

Cost is a big factor: the average residential PV installation costs have dropped 54% since 2008, while wind power costs have dropped 41%.

The findings are detailed in the 2016 edition of Revolution Now, released this week by the Department of Energy.

“Combined, wind, utility-scale and distributed PV accounted for over 66% of all new capacity installed in the nation in 2015. Total installations of LED bulbs have more than doubled from last year, and cumulative [electric vehicle] sales are about to pass the half-million mark,” the report said. “These technologies are now readily available and our country has already begun to reap the benefits through their increased adoption.”

Read more on the Department of Energy website.

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