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
Adding solar capacity to the Texas electricity grid would result in lower wholesale electricity prices for Texas customers, according to a new report authored by The Brattle Group and funded by the Energy Foundation and the Solar Energy Industries Association (SEIA).
More Solar Power in TX Could Save Consumers Over $520 Million, New Study Finds
June 19, 2012 By Zachary Shahan 12 Comments
A new report released today analyzed how much electricity prices for Texas consumers would have been reduced in the summer of 2011 by adding solar capacity to the Texas electricity market. In total, it found potential savings of over $520 million for state electricity consumers.
SEIA's Statement: New Brattle Group Report Shows Solar Energy as a Solution in Texas to Help Address Summer Electricity Challenges
As Texas braces for predicted tighter electricity reserves and higher electricity rates in the state this summer, a new report shows that adding solar capacity to the Texas electricity grid would result in lower wholesale electricity prices for Texas customers.
Solar power has long been touted for its environmental impact. But now it has a new role: saving teachers' jobs.
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.