It seems that nearly weekly we hear more good news on the solar energy front. Today, the Solar Energy Industries Association and GTM Research released their Solar Market Insight Report for Q3 2012, with a summary of accomplishments year to date. The progress is impressive and would have been unimaginable just five years ago. Furthermore, the growth is expected to continue for the next several years, jumping from 3.2 GW in 2012 to 7.8 GW by 2015. Some highlights from the report:
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The number of solar installations grew strongly in the nation’s residential, commercial and utility sectors in the third quarter, largely as a result of falling costs, a federal investment tax credit and state programs that support renewable energies, the solar industry’s main trade group reported on Tuesday.
Developers installed 684 megawatts of solar panels in the U.S. in the third quarter, 44 percent more than a year earlier, as residential projects rose to a record, according to the Solar Energy Industries Association.
WASHINGTON D.C. -- GTM Research and the Solar Energy Industries Association® (SEIA®) today released the U.S. Solar Market Insight: Third Quarter 2012. The report finds that the U.S. solar photovoltaics (PV) market installed 684 megawatts (MW) in the third quarter (Q3) of 2012, representing 44 percent growth over the same period last year. This quarter marked the third largest on record for the U.S.
The White House Chronicle
Rhone Resch, President and CEO of the Solar Energy Industries Association, appears on this episode of the White House Chronicle to discuss the technology, economics, and policies behind solar energy in the U.S.
The U.S. market for solar panels is likely to double in 2012, thanks to government policies and falling prices, although new tariffs on panels imported from China could contribute to slower growth in 2013, according to a new study.
Solar installations in the United States jumped 85 percent in the first quarter of 2012 from the previous year, according to an industry report that prompted a research firm and a lobbying group to raise their capacity forecasts for the year.
Developers installed 85 percent more solar panels in the U.S. in the first quarter than a year earlier, led by strong growth in commercial projects and demand in New Jersey, according to the Solar Energy Industries Association.
On Tuesday this week, I officially began my term as Board Chair for the Solar Energy Industry Association (SEIA). Established in 1974, SEIA represents the entire solar industry in the U.S. with over 1000 members that span manufacturing, installation, development, finance, service providers, and suppliers.
The U.S. solar market is shaping up to be significantly larger than anticipated and could end up installing nearly 3.3 GW of solar panels in 2012, a roughly 18 percent jump from the previous forecast of 2.8 GW, according to a report from GTM Research and Solar Energy Industries Association on Wednesday.