One of the biggest solar developments over the past decade is how quickly prices have fallen. Costs have fallen by 70% since 2010, making both rooftop and utility-scale solar generation competitive with other forms of electricity generation. (Solar Energy Industries Association)
Here’s a quick look at how far we’ve come:
In 2010, it cost $40,000 to install a residential solar system. Today, costs are around $18,000. At the beginning of the decade there were a couple dozen utility-scale solar plants, primarily serving as pilot projects. We are now nearing 3,000 utility projects, with recent prices at $18-35/MWh.
Thanks to the sharp reduction in price, solar generation has increased 25x over the past decade from 0.1% of total U.S. electricity generation in 2010 to 2.5% today (Solar Energy Industries Association). There is enough solar capacity generated to power over 18 million homes compared to only 777,000 back in 2010.
At Vector, we believe that solar is still in its infancy with many more exciting opportunities before us. And we’re here to help facilitate those opportunities.
For the past 13 years, we’ve created, tested, and refined a system to help expedite the structural & electrical approval process, often in as little as 1-3 days.
If you are looking to complete a solar review that needs either an electrical or structural engineer’s approval don’t hesitate to reach out to us!