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
In an effort to be green and get green, the Jefferson Township school district is investigating the possibility of bringing privately funded solar energy to the district that would also provide revenue for projects on the district’s wish list.
On March 1, I shared a great post on the newly proposed Clean Energy Standard Act of 2012. Two months and one day later, the Energy Information Administration (EIA) released a report on an analysis of the Clean Energy Standard Act. The general conclusions are presented in the following EIA post.
Retail giant Walmart said it plans to install solar panels on top of about half of its roughly 50 Massachusetts stores as early as August as part of an expansion of solar power in the state.
The market that New Jersey officials set up to subsidize solar energy needs a rescue or there will be disastrous layoffs in the industry, business leaders, politicians and regulators say.
The township is putting the finishing touches on a solar panel array designed to power almost all of the Branchburg municipal building on Route 202 — a project officials say could drop energy costs by at least $5,000 a month.