About Solar Energy
Solar energy is reliable, abundant, clean, and affordable. According to the American Clean Power Association (ACP), solar capacity additions rose with nearly 75.6 GW utility-scale solar operating in 2023, and costs have decreased by 57% over the past decade.
According to the Solar Energy Industry Association, the In 2017 there was a record high of more than 250,000 Americans employed in the solar industry in more than 9,000 companies. In 2017, solar installations were 25% of new installed electric capacity in the US, with a total of 49 gigawatts, enough to power 9.5 million homes.
Solar panels are designed to capture the natural power of the sun and convert it into electricity. Solar photovoltaic cells were invented in 1954, but the energy crisis of the 1970's was the first real deployment of solar panels for homes and businesses. As panel efficiency has increased with improved technology, costs have decreased rapidly. As the industry increases in size, economies of scale cause further reductions in the cost of solar.
American solar power saves consumers money. Adding solar energy to the generation mix reduces electricity prices, helps protect against future price shocks, and makes the energy market more competitive.
According to SEIA, between 2012 and 2017 the cost of solar energy has dropped 58%. These lower prices allow power purchasers to “lock-in” predictable, steady rates for the life of the power purchase contract, thereby allowing these companies to hedge against volatile, carbon-intensive fuel markets. Because solar power is produced during the day, when demand is highest, solar power helps reduce the need for peaking power plants reliant on fossil fuels.
Each solar site that Invenergy develops will have a specialized vegetation management plan. Varying by geographic regions and site-specific conditions, Invenergy will implement native plants and grasses within the project area. This means that the topsoil will be protected and even improved during the project’s lifespan. This will also minimize soil erosion, sediment runoff, and the proliferation of weeds ensuring the land remains healthy.