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
Austin Energy has dropped the cost for residential solar installations from $2.50 per watt to $2 due to changing market conditions, officials said Monday.
Last year, the U.S. solar industry enjoyed its most successful year ever. Falling prices, consumer awareness and innovative policies are creating living-wage green jobs, improving energy productivity and expanding our domestic energy portfolio at an unprecedented rate. Solar energy is working for America, and it can work better for Georgia.
How about solar picks up the costs of net metering and utilities deliver accurate data, not sob stories?
According to recent research by Sunrun and PV Solar Report, the California home solar market has grown by 80 percent this year. The report identifies increased solar adoption in more cities as one of the major reasons for the spike in statewide solar projects.
As summer beckons, it seems Americans are thinking more about the stifling cost of energy than about making tracks to the beach.