The cost to install solar has dropped by more than 55 percent since 2012, paving the way for more startups to enter the market and making the technology more affordable for both providers to develop and customers to purchase.
Over the last decade, solar has experienced an average annual growth rate of 68 percent in the United States, according to the Solar Energy Industries Association.
While we wait on the politics, there are startups innovating in the solar power field.
Bedford, Mass.-based 1366 Technologies has developed a more efficient way to manufacture silicon wafers, an essential component in making the cells and modules of solar panels.
Unlike 1366 Technologies, Omnidian’s technology is focused more on the consumer-facing side of solar.
For residential solar systems, the company monitors, maintains, and guarantees solar performance.
“The industry has had to grow up quite a bit. Residential solar in particular has had to grow up, becoming like more mature industry asset classes.”