TRENTON, NJ— The New Jersey solar market hit a new milestone this week when it eclipsed the 1 gigawatt (GW) mark for total installed solar electric capacity. This is enough solar electricity to power 139,000 homes.
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Solar panel installations in the U.S. grew 76 percent in 2012 as the cost of panels and the surrounding equipment continued to fall, according to an annual report by a solar trade group.
U.S. solar panel installations grew 76 percent in 2012 to 3.3 gigawatts, representing a tenth of the global market, led by large-scale projects in the desert southwest, according to the Solar Energy Industries Association.
Partly driven by an oversupply of cheaper panels from China, the domestic solar market had its best year in 2012, with the growth in installations outpacing that of the global market, according to an annual report to be released Thursday.
U.S. Solar Market Grows 76% in 2012; Now an Increasingly-Competitive Energy Source for Millions of Americans Today
Added Record 3.3 Gigawatts of Capacity, Enough New Capacity to Power More Than 500,000 Homes
Senator Charles Schumer is pushing for the use of solar energy in New York State. The U.S. Senator was in Kingston saying he wants to see improvements to a program that provides energy credits to solar panel owners depending on how much energy they use, also known as net metering.
The U.S. Department of Defense plans to open up 16 million acres of its land for renewable energy development, which it hopes will create a boom of solar, wind and geothermal projects and provide clean power to military bases, the department announced Monday.
CPS Energy customers have benefited from the public utility's diversification of its power generation base. CPS rates routinely rank among the lowest in the country for large cities. That consistency is in large measure the result of wise decisions to expand the sources of energy generation.
Trish Hussey and Rita Leadem stretched a ribbon in front of a solar panel set up just outside the front door of the Freedom House Recovery Center on Thursday afternoon.
Gov. Deval Patrick has signed an energy bill that requires Massachusetts utilities to buy more of their electricity in competitively bid, long-term contracts with renewable energy providers.