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
The U.S. House Energy and Commerce Subcommittee on Energy and Power voted 14-6 to pass the so-called “No More Solyndras Act” aimed at curtailing the U.S. Department of Energy’s (DOE) loan guarantee program.
The Obama administration on Tuesday announced its final plan for fast-tracking large-scale solar energy projects in a vast portion of the West, promising installations with enough wattage to power nearly 7 million homes over the next decade.
Between biogas, wind and solar, Anheuser-Busch generates about half of its electricity from renewable energy to make beer at its Fairfield, California plant.
While renewable energy is still a relatively young sector of the energy industry, advocates are praising its success, especially the progress made in recent years. But the sector is not without its critics.
The Los Angeles Department of Water and Power has unveiled a solar plant it says can power 3,300 homes a year.