The amount of solar energy that falls on the earth’s surface in one minute equals the total annual energy consumption of the entire world’s population. The question is how to harvest the energy efficiently. Photovoltaic or solar cell is one of the few means of to harvest this energy. The main objective of this paper is to identify factors that determine the number of photovoltaic panel installation per a million people in the US and build a regression model to quantify their effect. Ten independent variables were studied and their effect was quantified. In addition, different statistical hypothesis tests were performed on the model to check its validity and the results are presented as follows.

Included in

Economics Commons