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.
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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 millionth solar panel has been installed at a sprawling desert power plant that will feed energy to San Diego-area utility customers as soon as late spring, the project developer said Tuesday.
The Hertz Corporation HTZ +1.67% announced the upcoming construction of two new solar installation sites this year as the initial launch of Phase Two of the company's solar energy program: Newark International Airport and John F. Kennedy International Airport. Combined, the new locations will generate more than 800,000 kilowatt hours of renewable energy and save 641 tons (581 metric tons) of carbon emissions annually.
The 1,316 solar panels at Weslaco's southern wastewater treatment plant gleamed in the heat June 27 — their second day on the job. When the panels were officially plugged in last week, the facility went from being an energy consumer to a self-supporting energy generator.
Underwriters from Bank of America Corp. (BAC) to Credit Suisse AG and Citigroup Inc. (C) for the first time are close to converting sunlight into cash to pay bond investors.
Maryland Gov. Martin O'Malley Attends Groundbreaking Ceremony for Largest Solar Power Array in State
Under a broiling sun, Maryland Gov. Martin O’Malley joined a groundbreaking ceremony Saturday for what will be the largest solar power array in the state — and one of the biggest on the East Coast — when it is completed later this year.
Lt. Governor Kim Guadagno today kicked off a month-long tour of the fastest growing businesses across the state. The first visit was to SunDurance Energy, an Edison-based solar energy company that develops, designs, builds and operates solar power solutions for the commercial, government, and utility-scale markets.