In 2023, solar generated 5% of the world's electricity, according to to IEA.(Shutterstock/ALM Archives) In 2023, solar generated 5% of the world's electricity, according to to IEA. (Shutterstock/ALM Archives)

If solar power wasn't on the radar of more businesses and homeowners before the pandemic, it should be now.

The 2022 Inflation Reduction Act allotted billions of dollars in potential tax credits for smarter energy use and generation, and solar energy is a big part of that push, not to mention the ESG benefits of using solar power.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.