In Q2 2019, over 2.1 GW of solar photovoltaic (P.V.) capacity was installed, resulting in a record 37.9 GW added to the utility-scale solar pipeline in the U.S. Solar panel installation has risen dramatically in this time frame, creating record highs in solar energy generation. In 2018 alone, more than $17 billion was invested in renewable technology. Since the passing of the Solar Investment Tax Credit, the industry has experienced an average annual growth rate of 50% and has created tens of thousands of jobs. Incentives such as the Solar Investment Tax Credit (ITC), which was passed in 2006, make it attractive by offering a discount for homeowners and business owners who install solar panels. It's been an excellent decade for solar energy, and many people are considering installing systems in their homes. Additionally, energy efficiency programs may have certification requirements. You might be able to save around $2 per watt by doing the work yourself. Deep cycle backup batteries for both wind and solar can add on 20 to 30 percent more. Those estimates don't include the batteries. The average cost of a professionally installed solar panel system is about $8 to $9 per watt, meaning that a 2 kilowatt (kW) grid-tied system can run to $16,000. Wind turbine systems can run as high as $65,000 installed. Most Texas homeowners considering a solar energy system or residential wind turbine system will experience sticker shock. How Much Are Residential Solar and Wind Systems?
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