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The 2024 Solar Boom

Writer's picture: Midwest Solar InstallersMidwest Solar Installers

Updated: Jan 22






The solar energy sector is witnessing unprecedented growth, with commercial installations leading the charge. According to the Solar Energy Industries Association (SEIA), commercial solar deployments surged by an incredible 44% in the third quarter of 2024, compared to the same period in 2023. This growth outpaced residential solar's 39% increase and community solar's 12% rise during the same timeframe.

But why is this happening?



The 2024 solar boom can be attributed to a combination of economic incentives, technological advancements, and a shift in energy priorities for businesses. If you’ve been considering solar, now is the time to take advantage of these limited-time incentives. Let’s dive deeper into the reasons behind this unprecedented growth:



1. Federal and State Incentives

Government policies, such as the Inflation Reduction Act, have made solar energy more accessible than ever. Tax rebates and credits significantly reduce the upfront costs of installing solar systems. Businesses are capitalizing on these programs to cut costs while embracing sustainable energy practices.



2. Cost Efficiency

As solar panel technology has improved, prices have dropped significantly over the years. Commercial solar systems now offer faster payback periods, allowing businesses to see financial benefits sooner. Additionally, businesses can lock in lower energy rates, providing stability in the face of fluctuating utility prices.


Solar energy is no longer a luxury—it's an affordable, reliable solution for businesses of all sizes.



3. Sustainability Goals

Many businesses are prioritizing sustainability as part of their corporate social responsibility strategies. Solar energy aligns perfectly with these goals, reducing carbon footprints and promoting cleaner air. Customers and stakeholders are increasingly favoring companies that invest in green initiatives.



4. Energy Independence

The reliability of solar power has improved dramatically, making it an appealing choice for businesses looking to mitigate risks associated with grid outages and rising electricity costs. Solar installations allow companies to become more energy-independent, ensuring uninterrupted operations.





How Midwest Businesses Can Benefit

As the solar boom continues, Midwest companies have a unique opportunity to lead the way in commercial solar adoption. States like Illinois and surrounding regions are seeing growing investments in solar infrastructure, providing businesses with ample resources and support to make the transition.

At Midwest Solar Installers, we are dedicated to helping local businesses harness the power of solar energy. From system design to installation, we ensure that every project is customized to meet your specific energy needs and financial goals.





Ready to Join the Solar Boom?

The commercial solar growth in 2024 is more than just a trend—it’s a movement toward a sustainable and economically sound future. Don’t wait to make the switch to solar. Contact Midwest Solar Installers today for a consultation and see how we can help your business thrive in this exciting new era of energy.








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