Residential Solar Adoption Soars Under the Inflation Reduction Act

According to the 2020 Energy Information Administration (EIA) residential energy consumption survey, about 3.7% of U.S. single-family homes generated electricity from solar panels. Annual U.S. energy expenditures are expected to fall by at least 4% in 2030 under the IRA, a savings of nearly $50 billion dollars per year for households, businesses and industry.