The Business Guide of Solar Industry | iSolarWorld

California, known as the beacon of renewable energy in the United States, unanimously approved a historic plan on May 9, 2018, of installing solar panels in every new home starting in 2020. After California Energy Commission (CEC) announced this new law, California has become the first state in US to mandate solar energy installations on most single-family homes as well as multi-family residential buildings up to three stories, including both condos and apartment complexes. The regulatory body while announced the law, said this new arrangement will reduce greenhouse gas emission.   California, the world's fifth-largest economy, carries a reputation for pushing the boundaries if it is about going green. The state however, already has a law, which says by the year 2030, at least 50% of all electricity will come from carbon emission-free sources, including solar, wind, geothermal or hydroelectricity. Now, this recent move of mandatory solar panel installation has added another...

In 2016, US solar industry sector generated about US$ 154 billion in economic activity, including wages, salaries, benefits, taxes and fees and direct sales. The revenues in this sector have also grown from US$ 42 million in 2007 to US$ 210 million in 2017. Solar has contributed about 25% of total new power plant capacity installed in 2017. The US solar capacity is over 50 gigawatts, which is equivalent to generating a capacity of 50 commercial nuclear reactors.   Solar industry is expected to steadily grow and a foreseeable future can be predicted for this sector. However, recent events such as the solar trade tariff and tax code changes could dampen that trend. According to a recent report, the tariff alone may reduce solar installations by 11 percent from 2018 through 2022.   About 370,000 people in the United States are directly or indirectly employed in this sector, among which around 260,000 people are full- or part-time. About half of this workforce is solar ph...

Solar energy--considered as the fastest growing renewable energy source worldwide, has emerged as one of the biggest job creators in the United States in recent years. about 370,000 people were employed directly or indirectly in this industry, while coal industry provided only 160,000 jobs. With a median annual salary of $40,000, photovoltaic installer is currently the fastest growing job in the country. Other than jobs, nearly half of utility-scale capacity installed in 2017 came from solar, and the rest was renewable. The industry revenues also have grown from $42 million in 2007 to $210 million in 2017. All these surely predict a bright future for this industry in coming years; but is it really that good a situation currently? Some recent events including the solar trade tariff hike and tax code changes may have negative effect on this growing trend. According to a recent news, the tariff alone may reduce solar installations by 11% from 2018 through 2022. Following these, ...

  Posted on June 2, 2018 by Team iSolarWorld American businesses are investing record amounts in solar.  ‘Solar Means Business 2017’  report shows that the top corporate users added 325 megawatts (MW) of installed capacity last year. Now, while expanding its market and emerging as a strong industry sector, this area is naturally creating huge opportunities for job seekers. According to the National Solar Jobs Census, published by ‘The Solar Foundation’, this industry is producing more jobs than any other sector in U.S today. This significant growth makes industry experts focus on the required elements associated with this sector. The key problem solar industry is facing currently is the lack of a compact online guide,  which can act as a one  stop destination for solar professionals to access industry data, information, intelligence and insights . To fulfil this requirement,  iSolarWorld has been launched.   An initiative by  Market Q...