Solar Booms With Entergy Rate Hike
Solar booms with help from an Entergy rate hike. Entergy announced a 3.4% rate hike for Arkansans starting February of 2015. Apparently there is a shortfall in rates made to Entergy sister companies in three states (Mississippi, Texas and Louisiana). Don’t expect utility rate hikes to go away. This is why solar power is booming in the US.
Solar is inflation free, improves your homes marketability and appraised value AND what other home improvement gives you a 30% tax rebate?
Q3 2014 represented the second largest quarter ever for solar installations in the U.S.! This performance represents 41% growth over Q3 of last year. With nearly 600,000 solar installations through Q3, the U.S. solar industry is on pace to complete its 1 millionth installation in 2015. Through Q3, 36% of all new electric capacity installed in 2014 has come from solar. (All data from SEIA/GTM Research “U.S. Solar Market Insight: Q3 2014”).
Installations Continue to Boom; Through Q3, a new solar project has been installed every 3 minutes in 2014. Growth in Q3 was led by the residential sector, which grew 58% over Q3 2014. AND PRICES CONTINUE TO FALL!