How much solar energy does the United States use?

The SEIA report tallies all types of solar energy, and in 2007 the United States installed 342 MW of solar photovoltaic (PV) electric power, 139 thermal megawatts (MW th) of solar water heating, 762 MW th of pool heating, and 21 MW th of solar space heating and cooling.

Does the US have a solar energy storage system?

U.S. flips switch on massive solar power array that also stores electricity: The array is first large U.S. solar plant with a thermal energy storage system, October 10, 2013. Retrieved October 18, 2013.

What percentage of US electricity is generated by solar power?

According to our Electric Power Annual, solar power accounted for 3% of U.S. electricity generation from all sources in 2020. In our Short-Term Energy Outlook, we forecast that solar will account for 4% of U.S. electricity generation in 2021 and 5% in 2022.

Will solar power surpass wind energy by 2040?

Solar electric generation (which includes photovoltaic (PV) and thermal technologies and both small-scale and utility-scale installations) will surpass wind energy by 2040 as the largest source of renewable generation in the United States.

How many commercial solar installations are there in the United States?

As of April 2018, there were total capacity of 2,562 MW of commercial solar installations from more than 4,000 companies in 7,400 locations. Top five corporations were Target, Walmart, Prologis, Apple, and Kohl's.

What is the federal tax credit for solar?

The federal tax credit for solar was extended for eight years as part of the financial bail out bill, H.R. 1424, until the end of 2016. It was estimated this would create 440,000 jobs, 28 gigawatts of solar power, and lead to a $300 billion market for solar panels.