The U.S. solar market is set to grow a staggering 119 percent this year says GTM Research in its latest U.S. Solar Market Insight Report 2015 Year in Review, published in conjunction with the Solar Energy Industries Association (SEIA).
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In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts (MW) of solar photovoltaics (PV) in 2015. GTM Research and the Solar Energy Industries Association (SEIA) announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.
A new report shows 2015 shaping up to be the United States solar market’s best year in history with record-breaking fourth quarter projections.
Growth in the use of solar energy has surged 183 percent among America’s top companies in the four years since the first Solar Means Business report was published. The study released today by the Solar Energy Industries Association (SEIA) also shows a 59 percent growth in solar installations since just last year.
Following is a comment from Rhone Resch, president and chief executive officer of the Solar Energy Industries Association (SEIA), on reports that New York is going to establish a mandatory 50 percent renewable portfolio standard by 2030.
New Bloomberg New Energy Finance Report Forecasts Strong, Steady Solar Growth -- with the Investment Tax Credit (ITC) Extended
A new report from Bloomberg New Energy Finance (BNEF) predicts substantially more solar generating capacity will get built in the United States, and a major industry downturn will be avoided, if the federal solar investment tax credit (ITC) is extended at its current level.
Continuing on its record-breaking trajectory, the United States solar industry surpassed 20 gigawatts (GW) of total operational solar photovoltaic (PV) capacity during the second quarter of this year. According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2015 U.S. Solar Market Insight Report, the U.S. installed 1,393 megawatts[i] of PV last quarter, showcasing both annual and quarterly growth.
If Alabama Power’s proposal to install up to 500 megawatts (MW) of renewable generation, including solar, is approved by the Alabama Public Service Commission (PSC) the state would finally get to enjoy the economic and environmental benefits so much of the country is already reaping.
In another step forward for clean, renewable solar energy, the New York Public Service Commission (PSC) has approved raising the net energy metering (NEM) cap from 3 percent to 6 percent for all utilities. At the same meeting, the PSC announced plans to advance Community Shared Renewables, an innovative concept that could enable renters and millions of other New York energy consumers to go solar for the first time.
Cheaper, Reliable Renewable Energy Is Ready to Help States Meet EPA’s New Carbon Rule Cost-Effectively
Renewable energy industries have done their part to cut costs and are already helping every state make progress to cut their carbon emissions. Even better, these industries can help states make even more significant reductions, in accordance with the proposed rule – saving consumers money and driving local economic development in the process.