Engineer Steve Verschoor of Boise, Idaho, works with solar power product manufacturing. Having traveled to Europe, Asia, and the Middle East as a part of his job with GTSP Global, Steve Verschoor is a part of an industry that is growing worldwide.
As of 2020, the US has enough installed solar power energy to bring power to 13.5 million homes. A new innovation in solar energy is concentrated photovoltaic designs. Conic reflective mirrors within the panel are expected to improve efficiency 20 times through concentrated light. Moreover, concentrated solar panel designs will allow for generation of power over a wider area.
While new designs will impact manufacturers, other trends will directly affect consumers. For example, the Federal Solar Tax Credit will taper off, falling from 30 percent in 2019 to 26 percent in 2020 and continuing to decline.
Demand for solar energy storage continues to increase. Moreover, the use of electric vehicles will see a demand for more solar energy to power them, with some manufacturers even including it as a feature of their vehicles.
