Happy Monday! Welcome back to another week of ESC’s News Blog!
Did anyone happen
to see The Houston Chronicle’s Business Section on September 8, 2023, their
article titled, “Solar panel installations slow within Texas – State still a
leader nationwide as U.S. industry is projected to add record amount of power”? In the article, it goes on to speak about how
residential solar panel installation growth has slowed due to rising high interest
rates and retail electricity prices slowing. In 2022, Texas growth in residential solar installations
grew 57%, but as of mid-2023 it has only grown 5%. Texas is still a leader in solar power and
currently ranks third in installation growth this year. Nonetheless, with the tax credits from the
2022 Inflation Reduction Act rolling out this should improve the market for residential
panels, and U.S. made solar panels which many of the facilities are still in
the works. Solar energy is expected to
grow to about 32 gigawatts this year across all sectors which includes
residential, commercial, community, and utility-scale-solar projects. The clean energy that solar has made produces
45% of all the newly created power that has been added to the U.S. electrical grid,
and it now makes 153 gigawatts and is expected to grow to 375 gigawatts in the
next five-years (2028). If you would like to read more of The
Houston Chronicle’s article, please click the link: Texas lags as U.S. solar installations projected to set record (houstonchronicle.com).
If you would
like help in looking into how to transport your product efficiently and with
less of a carbon footprint, contact us via the email in the blog and check out
our ESC's website!
We hope you have a wonderful evening and a great rest of
your week!
**Disclaimer: You may be charged a fee to read The
Houston Chronicle’s article. **