Why the Solar Market is Still Soaring

The solar market has faced a variety of obstacles under the new administration. Earlier this year, tariffs were imposed on the industry that many were sure would threaten its growth. Though the tariffs introduced a few road bumps to the market, the solar industry is still going strong and is set to soar in many areas, including production and jobs. Becoming a prevalent energy source has been an upward battle for the solar industry, but it is nonetheless surpassing many other forms of energy production and becoming a major component of global energy industries

​The solar job industry seemed to take a hit in some areas earlier this year, but overall growth has stayed consistent, and domestic production of solar continues to increase. Florida, Georgia, Minnesota and 26 other states saw an increase in solar jobs over the past two years, and this has not slowed down due to the tariffs. Before the tariffs, many states had already built a healthy solar industry that focused on local economy and high quality careers, and this is one of the many reasons why we still see positive growth in the industry.

In the past seven years, we have seen solar industry jobs increase by 168%, totaling 250,000 jobs as of 2017. We have yet to see how the tariffs will affect the industry going into the next year, but the positive outlook from 2017 has put the solar job industry in a great spot. Forecasting the potential loss of jobs has been hard because the true impact of the tariffs is yet to be seen. Over the next four years we might see a decrease, but long-term projections put solar in the forefront for energy production jobs.

The solar photovoltaic installation industry will be the fastest growing of this decade to 2026, according to the US Bureau of Labor Statistics. The tariffs may have slowed the industry down a bit, but years of hard work and decentralizing the solar industry has made it resilient to setbacks. States are ultimately in control of how the market will move forward. If you want to have a state with clean energy at the forefront, pay attention to the upcoming Arizona Corporate Commissioner Elections.

Recently, solar has surpassed nuclear energy production to become the 4th largest source of energy production globally. Although this administration posed some obstacles to the skyrocketing growth, the U.S has still installed more solar than any other form of power, including wind and coal. Solar has become the biggest source of new power in the U.S. Despite restrictions on panel imports, the industry has found ways to keep solar soaring.

The positive implications and paybacks from solar continue to greatly outweigh the cost of installation, and the need for clean energy production is keeping the market in a healthy position. You can be a part of the growing solar movement, and SunHarvest Solar can help! Get in touch today to learn more and get your free, no-obligation quote.