Solar Energy Today
It is predicted that by 2025, 10% of U.S. electricity will come from solar energy. Today, that percentage is less than 1%, but the use of solar energy is on the rise, increasing at a rate of 40% annually over the past several years. Renewable solar energy is one of the major areas on which the Obama administration is focusing.
Recent legislation extended the Energy Credit by eight years, providing a 30% tax credit on investments in solar energy facilities, and the 2009 American Recovery and Reinvestment Act added a framework for converting these tax credits into federal grants for 2009 and 2010 facilities. Legislative proposals now under debate in Congress include a cap and trade program that is intended to increase the usage of renewable energy.
The US focus on the environment and on alternative energy makes adopting solar energy not only a good business decision, but one that is good for the country and the Earth as a whole.