Surge and Challenges of Solar Energy

The installation of residential solar power in the U.S. has skyrocketed, increasing from 667 megawatts in 2010 to over 37,000 megawatts by 2024. Despite this impressive growth, home solar installations are encountering significant hurdles, including high interest rates and rising financing costs. The dominance of solar manufacturing by China also raises costs due to tariffs and trade barriers, leading to an increased financial burden on U.S. consumers. Consequently, while overall solar energy production is booming, the appeal of residential solar is diminishing due to these economic factors.