Solar forecast: Leading new electricity generation in 2022

Solar forecast: Leading new electricity generation in 2022

Last Updated: January 24th, 2022 at 9:09 am
Read Time: 3 Minutes

We’ve been shouting from the rooftops that we install on that solar power is having a moment. Due to the threat of climate change, the renewable energy sector is becoming more and more in vogue across the country, and our growth here at POWERHOME SOLAR in recent years is certainly evidence of that. However, now we also have government data that backs it up. According to the U.S. Energy Information Administration (EIA), solar power will account for nearly half (46%) of the country’s new electricity generated in 2022.

They anticipate that 21.5 gigawatts (GW) of the 46.1 GW of the new utility-scale U.S. electric generating capacity in the coming year will come from solar. That’s up nearly 40% from 2021.

solar power 2022
According to the EIA, solar energy will lead 2022 in new utility-scale electric energy.

 

Further breaking down the electricity generation numbers

Solar is leading the way into the new year, followed by natural gas (21%), wind (17%), battery storage (11%), and nuclear (5%). The biggest year-over-year gains in all categories will come from battery storage, another technology we’re intimately familiar with. Declining costs of batteries, along with the boost they’ll get parallel to solar electric generation, projects battery storage to an 84% year-over-year gain in capacity.

Out of the 50 U.S. states, many may be surprised to hear that the EIA is forecasting one of our newest territories, Texas, will lead the way in added renewable electric generation in 2022. About 28% of the nation’s estimated added solar capacity and a majority of the added wind capacity (51%) will come from the Lone Star State.

Put solar energy into your future

It’s important to note that these numbers are estimated for utility-scale electric generation. In other words, what power companies are planning to add to the grid. Clearly, they see the “light” when it comes to solar power.

However, for obvious reasons, they may not always see it with residential or commercial solar power… but our customers do. Potentially lowering electric bills with the added bonus of possibly reducing reliance on an aging grid system, is a win-win for self-generated solar consumers. The fact that they’re using clean, carbon-free solar power is a win for everyone. According to the EIA, approximately 60% of utility generated electricity in the U.S. is still generated by fossil fuels. Of course, those numbers vary by location and by utility company. Still, using your own carbon-free electricity that you produce with solar reduces your carbon footprint. You can store that electricity on a battery and further your carbon reduction by using that electricity at night, not to mention, keep portions of your home or business powered through a grid failure.

POWERHOME SOLAR had our biggest year yet in 2021 and despite the challenges of the current pandemic, we’re projecting further growth for the company in 2022. Become a part of the movement and power portions of your home or business with some of the American-made solar panels we offer, along with a Generac battery backup.