The amount of sunlight that strikes the earth’s surface in an hour and a half is enough to handle the entire world’s energy consumption for a full year. Solar technologies convert sunlight into electrical energy either through photovoltaic (PV) panels or through mirrors that concentrate solar radiation. This energy can be used to generate electricity or be stored in batteries or thermal storage. Solar energy systems come in all shapes and sizes. Residential systems are found on rooftops across the United States, and businesses are also opting to install solar panels. Utility companies are building large solar power plants to provide energy to all customers connected to the grid.

In the United States alone, 4.6 gigawatts (GW) of solar PV capacity was installed in Q2 2022 pushing the total installed capacity to 130.9 GW, enough to power 23 million American homes. Solar accounted for 39% of all new electricity-generating capacity added in the U.S. Residential solar had its largest quarter in history with 1.36 GW installed, setting its fifth-straight quarterly record. Utility-scale solar installations reached 2.7 GW, a 25% decrease over the same quarter last year, as the industry continued to weather supply chain challenges and trade disruptions. Bottom line? The industry continues to grow.

Top Companies
  • Enphase energy
  • First Solar
  • SolarEdge
  • Sunrun
  • SunPower
  • Shoals Technologies
  • Array Technologies
  • Sunnova Energy
  • JinkoSolar
  • Canadian Solar

Content Database

Domain Knowledge Jonathan Poland

Domain Knowledge

Domain knowledge refers to a person’s understanding, ability, and information about a specific subject or area. It is often associated…

Marketing Technologies Jonathan Poland

Marketing Technologies

Marketing technology, or “martech,” refers to the tools and software used to support marketing efforts, such as advertising, brand management,…

Tactical Risk Jonathan Poland

Tactical Risk

Tactical risk refers to the potential for losses due to changes in business conditions in real-time. Tactics differ from strategy…

Decision Costs Jonathan Poland

Decision Costs

Decision costs refer to the costs associated with making a decision. These costs can take many forms, including the time…

Perceived Value Jonathan Poland

Perceived Value

Perceived value is the subjective worth that a customer assigns to a product or service based on their own personal…

Is Greed Good? Jonathan Poland

Is Greed Good?

Greed is good is a paraphrased quote that originates with the 1987 film Wall Street. It is important to note…

Product Extension Jonathan Poland

Product Extension

Product extension is the practice of introducing new products or product lines that are related to a company’s existing products.…

Lobbying vs Government Contracts 150 150 Jonathan Poland

Lobbying vs Government Contracts

A government contract and lobbying the government are two distinct activities within the realm of government and private sector interactions.…

Business Services Jonathan Poland

Business Services

Business services are a type of service that is primarily provided to businesses and organizations, rather than to individual consumers.…