How is Wind is embracing the power of the Sun? Today, the biggest and least expensive source of renewable power in America is Wind. However, with the continuous growth in Solar Technology, Solar Power is growing up to be a big player.
In a recent article by Karl-Erik Stromsta, states like Texas, whose market has been traditionally dominated by wind, will see an influx of solar installations over the next few years. In the spirit if you can’t beat them join them. Big players in the country’s wind industry are creating their own solar divisions.
Wind Embracing the power of the Sun
This shift has even got the attention of the American Wind Energy Association (AWEA). They will also include Solar and Storage in their annual Windpower conference.
For many renewable energy suppliers like Florida’s Go Solar Power, it was a seamless transition from Wind to Wind and Solar. Serving both residential and commercial customers.
One interesting thing to mention, according to the article, the production tax credit or PTC, which is the main subsidy used by the U.S. wind market. But in 2020 the PTC will expire and the outlook for another extension of this subsidy is not looking favorable.
The solar investment tax credit, or the ITC will still be at 26% in 2020. Even though the ITC will phase down, it will eventually remain permanently at 10% leaving the better advantage on the side of solar.
Advantage of Solar
The best advantage Solar may seem to have these days is that it naturally makes a better fit for battery storage. Often the power generation profile of battery storage makes it more valuable in some markets, even if it’s more expensive.
Are we moving into a world where Solar is the number one competitor for Wind Power? The addition of solar power to traditional wind only suppliers should be a good indication.
Installing Solar Power in Florida and California has never been easier. The ITC tax rebate in 2019 remains at 30%. Homeowners and businesses are able to install a Solar Power system with a $0 upfront cost. You can also trade in an expensive utility bill for a low cost Go Solar Power loan or lease.