That’s according to the latest report from theEnergy Information Administration.
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That projection accounts for solar, wind and hydropower.
Those three renewable sources only accounted for 21% of US grid capacity in 2023.
Solar energy is the most rapidly growing renewable energy source by far.
Energy generation from wind will grow 5% and energy generation from hydropower will grow 6% in 2024.
The solar industry also had to reckon with some big challenges last year.
Regardless, experts remain cautiously optimistic about the future of solar.
Homeowners also need to ensure their roof is sound anda good fit for solar.
The Inflation Reduction Act’s 30% residential clean energy credit will stack with any potentialstate tax credits.
Claiming the federal tax credit is afairly simple process.
Your credit reduces the amount of taxes you owe.
