• REGISTER AS A PROVIDER
  • Have a provider account? Sign in
  • img
  • img
  • img
  • img

Sunny Forecast for Solar Power

[Not a valid template][Not a valid template]

The American solar industry more than doubled in megawatts last year, from 887 megawatts installed in 2010 to 1,855  megawatts  installed in 2011. This growth represents enough solar energy to power over 350,000 homes! 2011 also marks the  first  time  the  U.S.  solar  market  has  topped one  gigawatt  (1,000   MW)  in  a  single  year.

Many factors contributed to this growth. The cost of installing solar panels fell  20  percent  last  year  due to  lower  component  costs and improved   installation  efficiency. Expanded  financing  options  and  a  shift  toward  larger  systems   nationwide also made solar more affordable. In  addition the  1603  Treasury  Program,  which offered rebates for businesses that installed solar panels, ended  Dec.  31,  2011. This looming deadline  drove  developers  to  commission  projects  before  the  end   of  the  year.

As 2011 drew to a close,  solar  capacity  in  the  U.S.  reached  nearly  4,000  MW–  enough  solar  capacity  to   power  nearly  a  million  households.

“In  2011,  the  market  demonstrated  why  the  U.S.  is  becoming  a  center  of  attention  for  global   solar,”  said  Shayle  Kann,  Managing  Director  of  GTM  Research’s  solar  practice.

Last month solar industry professionals gathered to explore new areas for growth in 2012 and beyond. PV America West, an expo held in San Jose, CA, showcased numerous solar innovations and featured presentations about community solar projects, developing solar installations on landfills, and the role of solar in the upcoming elections.

According  to  U.S.  Solar  Market  Insight,  2012  will  be  another  strong  year  for  the  PV  industry,  with   installations  of  more  than  2,800  megawatts  forecasted.

For related articles, please see:
Triple Benefits of Solar-Powered EV Chargers
New Windows Generate Solar Power
Solar Roadways: Unique Business Model

© 2012 SCGH, LLC.

GREEN DIRECTORY

Are you a green business?

Apply for a listing today and reach out
to millions of green consumers!

SUBSCRIBE AND GET INVOLVED

FACEBOOK

SCGH LLC, and their partners are not in any way or form endorsing or recommending any of the products or services listed by any of the providers or advertisers.
Please see Terms of Use.

GreenCheck is a registered service mark of SCGH.

Sierra Club is no longer affiliated with or otherwise involved in this site or the business of SCGH, LLC and is not in any way or form endorsing or recommending any of the content, products or services listed or included on this site.

© 2013 SCGH. All Rights Reserved.