The Department of Energy has been busy making changes since the new administration took over in January, and another update bodes well for the solar industry. By 2035, the DOE is aiming for 40% of the nation’s electricity to be powered by solar sources.
This plan was
announced via the newly-released Solar Futures Study, a research collaboration
between the Solar Energy Technologies Office (SETO) and the National Renewable
Energy Laboratory (NREL). It found that this 40% rate would be achievable with
“aggressive cost reductions, supportive policies, and large-scale
electrification”. Reassuringly, the study’s projections also show that the goal
could be reached without an increase in electricity prices.
What’s
in the Plan?
So how exactly does the DOE plan to meet this
new target? A number of measures have been proposed based on the study’s
extrapolations.
●
Annual solar capacity additions
would need to increase four-fold, culminating in a total of 1,000 GW added to
the national grid. The study proposes executing an average of 30 GW of solar
capacity per year up to 2025, then 60 GW per year from 2025-2030.
●
Storage infrastructure must be
expanded rapidly - we will see a seventy-fold increase specifically in storage
that holds solar power up to 12 hours. Advances in storage technology will be
needed in order to fulfill the grid service needs estimated by 2035.
●
To handle the large volume of
installations and maintenance needed, the solar industry will need to expand
its workforce by as much as six times, totaling around 1.5 million employees.
●
Rooftop solar expansion is
essential, as it will reduce the need for grid-sourced power and infuse excess
power back into the grid. Electric vehicle adoption is expected to greatly
increase the demand for rooftop PV systems, and the DOE recognizes the need to
improve affordability via tax credits, low-interest financing, and other
incentives. An additional 200 GW in rooftop installations are forecasted by
2050, and the study has determined there is technical potential for 1,100 GW in
total rooftop capacity.
Your
Future is Full of Solar
Sales Leads
The push for expansion described by the Solar Futures Study is going to bring a wealth of new business to contractors across the nation. You can ensure that your company doesn’t have to compete for these new leads by sourcing from an agency that isolates them from other contractors.
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