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Nelnet buys solar company with Lincoln ties

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A Lee Enterprises, Incorporated newspaper. Majority shareholder: David Hoffmann, Hoffmann Media Group.

Editor's Pick Topical

Nelnet buys solar company with Lincoln ties

Solar panels

GRNE Solar built what was at the time the city's largest privately owned commercial 100-kilowatt solar panel system at 1900 Saltillo Road in 2017.

Courtesy photo

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Matt Olberding

Nelnet has announced the purchase of a solar installation company that has a branch in Lincoln.

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Nelnet announces new division focused on solar
Lincoln-based Nelnet, cryptocurrency company collaborate on $44M fund for solar projects
Several landowners appealing approval of solar farm near Lincoln
Lincoln Electric System warns of solar company scams

The states producing the most solar energy

States Producing the Most Solar Energy

In the first few months of his administration, one of President Joe Biden’s top policy priorities has been addressing the threat of climate change—while also improving infrastructure and creating jobs to generate economic growth. Biden has stated a goal of reaching 100% pollution-free electricity by 2035, which means dramatically scaling up renewable energy production in the U.S. To that end, Biden’s proposed American Jobs Plan would include extensive tax credits, grants, and other investments in clean energy.One of the potential beneficiaries of this focus is the solar power industry, which is seeing rapid growth as the costs associated with solar decline. For many years, solar power was too expensive to be adopted at scale as a major source of energy production, but this has changed in recent years.One of the biggest reasons for the decline in costs has been technological innovation. Solar technology has become more reliable and more efficient over time, which lowers the cost of generating energy. As those costs decrease, adoption becomes more common, which allows solar cell manufacturers to achieve economies of scale and lower prices even further.Government support has also been a major factor: billions in federal investment for renewables during the Great Recession helped spur the technological advances seen in the last decade, and the federal government—along with many states and localities—has long offered tax breaks and other incentives to subsidize household solar adoption.These factors reached an inflection point in the mid-2000s, and solar production in the U.S. has been growing exponentially ever since. In 2006, solar generated around 507,000 megawatthours of energy and represented .01% of U.S. energy generated by the electric power industry. By 2019, solar thermal and photovoltaic accounted for 71,936,822 megawatthours—around 140 times more than in 2006—to represent 1.74% of total.

Wirestock, Inc. / Alamy Stock Photo

The use of solar power continues to grow rapidly in the US

Solar is still a relatively small part of the U.S.’s overall energy mix but will become an increasingly significant source as solar production continues to accelerate—particularly if the Biden Administration’s climate policies and clean energy investments come to pass. For now, however, renewables overall (17.7% of total electricity generation) still lag behind natural gas (38.4%), coal (23.4%), and nuclear (19.6%). Within the renewable category, solar (9.9% of renewable production) trails wind (40.6%) and hydroelectric (39.5%).

Renewables still lag behind natural gas coal and nuclear

Despite its small but growing role in overall U.S. energy production, solar is a major part of the energy mix in a number of states. The undisputed leader of these states is California, which leads all others both by total solar energy production and the share of electricity derived from solar. California’s total solar energy production is nearly four times that of the runner-up state, North Carolina. Many of the market factors that have made solar more popular nationwide hold in California, too, but the Golden State also has geographic features and a political climate that have made it a solar leader.

California leads the US in solar energy production

In terms of geography, California is one of the U.S. states with the highest levels of insolation, or exposure to the sun. Insolation is a factor for many other leading states for solar production, including Sun Belt locations like Texas, Southwestern states Nevada and Arizona, and Southeastern states North Carolina, Georgia, and Florida. Politically, California’s policymakers have created an environment that all but guarantees heavy reliance on solar energy. For instance, California has one of the most ambitious renewable portfolio standards of any U.S. state, with a goal of generating 60% of energy from renewables by 2030 and 100% of energy from renewables by 2045. Additionally, in 2020, the state began requiring most new homes to include rooftop solar panels.To find the states where solar production is highest, researchers at Commodity.com used data from the U.S. Energy Information Administration’s Electricity Power Data. States were ranked by annual solar production for electric power (in megawatthours) for 2019. The researchers also calculated the year-over-year change in total solar energy production from 2018–2019, as well as what percentage of total energy production and renewable energy production solar accounts for.Here are the states producing the most solar energy.

15. South Carolina

Alpegor / Alamy Stock Photo

14. Virginia

Westend61 GmbH / Alamy Stock Photo

13. Massachusetts

Yakoniva / Alamy Stock Photo

12. New Jersey

JG Photography / Alamy Stock Photo

11. Colorado

Fred Fuhrmeister / Alamy Stock Photo

10. Minnesota

Joe Ferrer / Alamy Stock Photo

9. New Mexico

Cavan Images / Alamy Stock Photo

8. Georgia

Billy Blume / Alamy Stock Photo

7. Utah

Chon Kit Leong / Alamy Stock Photo

6. Florida

Images-USA / Alamy Stock Photo

5. Texas

Wirestock, Inc. / Alamy Stock Photo

4. Nevada

Chon Kit Leong / Alamy Stock Photo

3. Arizona

Cultura RM / Alamy Stock Photo

2. North Carolina

Organic Photographer / Alamy Stock Photo

1. California

Image Source / Alamy Stock Photo

Reach the writer at 402-473-2647 or molberding@journalstar.com.

On Twitter @LincolnBizBuzz.

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Solar panels

GRNE Solar built what was at the time the city's largest privately owned commercial 100-kilowatt solar panel system at 1900 Saltillo Road in 2017.

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