The solar sector is experiencing significant growth due to several key factors. Electricity rates are increasing, making solar energy a more cost-effective alternative. The Inflation Reduction Act (IRA) supports renewable energy projects through various incentives, driving further investment in the sector. Additionally, the costs associated with installing solar panels have decreased, making solar energy more accessible to a wider range of businesses. Solar energy is emerging as the dominant source of energy generation, surpassing traditional sources like nuclear, coal, oil, gas, and hydro. Despite this growth, smaller commercial solar projects remain under-represented in the U.S. industry, with large-scale and utility-scale projects receiving more financing and attention due to their maturity.
