SACE’s Sixth Annual Report Reveals Positive Progress in Solar Development in the Southeast Region
The Southeast region of the United States has long been known for its abundant sunshine and warm climate. However, when it comes to solar energy development, the region has lagged behind other parts of the country. But a recent report by the Southern Alliance for Clean Energy (SACE) reveals that the Southeast is making significant strides in solar development.
SACE’s Sixth Annual Solar in the Southeast report highlights the progress made in the region over the past year. The report shows that solar capacity in the Southeast has increased by 20% since 2019, reaching a total of 10.6 gigawatts (GW) by the end of 2020. This growth is particularly impressive considering that just a decade ago, the region had less than 1 GW of solar capacity.
One of the key factors driving this growth is the decreasing cost of solar energy. The report states that the cost of solar installations in the Southeast has dropped by 45% over the past five years, making it a more attractive option for both residential and commercial customers. This decline in costs can be attributed to advancements in technology, economies of scale, and supportive policies at the state and local levels.
Another important factor contributing to the growth of solar in the Southeast is the increasing number of utilities and businesses committing to renewable energy goals. The report highlights several utilities in the region that have set ambitious targets for clean energy, including Duke Energy, Southern Company, and NextEra Energy. These commitments have led to a surge in solar installations as utilities seek to meet their renewable energy targets.
Furthermore, state-level policies have played a crucial role in driving solar development in the Southeast. The report notes that several states, including Florida, Georgia, and North Carolina, have implemented policies such as renewable portfolio standards and net metering, which have created a favorable environment for solar energy. These policies provide financial incentives and regulatory support for solar installations, encouraging more individuals and businesses to adopt solar power.
The report also highlights the economic benefits of solar development in the Southeast. It states that the solar industry in the region supports over 54,000 jobs, with Florida leading the way with over 15,000 solar jobs. These jobs range from manufacturing and installation to sales and maintenance, providing employment opportunities and boosting local economies.
Despite the positive progress, the report also identifies some challenges that need to be addressed to further accelerate solar development in the Southeast. These challenges include outdated utility business models, limited access to financing for low-income communities, and the need for more supportive policies at the federal level.
In conclusion, SACE’s Sixth Annual Solar in the Southeast report demonstrates the significant progress made in solar development in the region. The Southeast has seen a remarkable increase in solar capacity, driven by declining costs, utility commitments to renewable energy, and supportive state-level policies. The growth of the solar industry has not only created jobs but also contributed to a cleaner and more sustainable energy future for the Southeast. However, there is still work to be done to overcome existing challenges and fully unlock the region’s solar potential.
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