America Now Has Over 1 Million Solar Installations Converting Sunrays into Clean Energy Today
As we consider how bright our future continues to look, we are very pleased to have been recently enlightened to the fact that America now has over 1 million solar installations converting sunrays into clean energy today. Due to plummeting installation costs, advantageous public policies, and technological innovations, solar energy has really had an opportunity to take root in the energy arena, and we believe, like many analysts, that this is just the beginning.
“It took us 40 years to get to 1 million installations, and it will take us only two years to get to 2 million,” said Dan Whitten, vice president of communications at the Solar Energy Industries Association (SEIA). “This is a time to mark when the solar industry started to accelerate at warp speed.”
According to the write up on GreenTechMedia.com, at the end of 2015, the U.S. solar market hit a total capacity of 27 gigawatts. That represents just 1 percent of the current U.S. electricity mix, but it could triple to 3 percent by 2020. This year alone, the U.S. solar market is projected to grow 119 percent, which represents an additional 16 gigawatts of new installed capacity and more than double the record-breaking 7.3 gigawatts added in 2015.
XsunX, focused on ways of growing our position in the industry, has recently announced our product line expansion to include the sale, design, and installation of solar canopies. We foresee multiple use opportunities by commercial property owners for our carports, canopies, and awning structures that we believe will allow us to broaden our revenue generating opportunities. As an example, a recent sale of a canopy to be placed over the exterior storage and work area of a manufacturing company underscores the diversity of applications and market interest for canopies.
Solar canopies present an enormous market opportunity which makes fabulous use of open space, solar energy, and most importantly, offers clients compelling renewable energy investment advantages for their capital. Our ability to empower clients with a range of installation options, without substantial cost increases, greatly enhances the revenue generating potential of our territory while also allowing us to grow along with the market as a whole.
Analysts have estimated that the number of solar panels in America will likely double within the next two years. Even if growth continues on this trajectory, it will still represent only 2% of the nation’s energy use, demonstrating an absolutely immense potential for expansion.
Our team here at XsunX continues to have a bright outlook upon the next stage of our business. We will be updating shareholders regarding our progress as we move forward. We sincerely appreciate your continued interest in our mission and your support of the green energy movement.
Have a great rest of your week,
Tom Djokovich, Chief Executive Officer
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