Photovoltaics, or PV for short, is a Solar Power technology that uses Solar Photvoltaics systems' or Solar cells to provide electricity for human activities. Photovoltaics is also the field of study relating to this technology.
Earlier this year, the President of the United States announced a new goal to increase the share of renewables –beyond hydropower – in the U.S. electrical generation mix to the level of 20 percent by 2030. The solar industry has a big stake in this initiative. Let’s take a look at the facts about what has been happening in the solar industry:
Rapid Solar Growth
The use of renewable energy technologies has increased dramatically over the past several years, in terms of overall capacity of the generation and in the overall amount of renewable electricity generated.
The total amount of electricity generated at utility scale facilities (those which have a capacity of more than 1 megawatt) from renewables has tripled since 2008. All while costs have fallen.
Last year, the United States commissioned as much solar energy every three weeks as it did in all of 2008. Plus, jobs in the solar industry were added at a rate 10 times faster than the rest of the economy.
Since the beginning of 2010, the average cost of a solar electric system has dropped by 50 percent. In fact, distributed solar prices fell 10 to 20 percent in 2014 alone and currently 44 states have pricing structures that encourage increased penetration of distributed energy resources.
In the past five years alone, the solar industry has grown 86 percent. Worldwide in 2014, a record amount of solar power was added to the world grid, pushing the total cumulative capacity to 100 times the level it was in 2000.
Why is Solar Power an Important Renewable Energy Source?
Through the use of solar power, the U.S. gains energy independence and increase its energy security while bolstering job creation and combatting climate change.
Today’s solar industry is also adding jobs ten times faster than the rest of the economy – all while cutting emissions and combatting climate change.
Miller Bros. Solar (MBS) is a chosen leader in operations and maintenance (O&M) solutions due to the company’s project expertise, full construction capabilities, and 160+ pieces of heavy equipment. MBS is one of the few electrical contractors that can simultaneously self-perform multiple utility scale solar projects while exceeding client expectations, controlling costs and adhering to timelines and customer schedules.
Miller Bros. Solar provides O&M services for solar projects in the following states: Connecticut, Delaware, Ohio, Georgia, Indiana, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and West Virginia.