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
While solar offers clean renewable energy, that doesn't mean making PV has always been an entirely environmentally or socially responsible business.
Tennessee's big annual sun spot - 2012 Tennessee Valley Solar Solutions Conference - opened Tuesday at Memphis Cook Convention Center as if riding a snowball that is gathering speed and mass.
Walmart recently expanded its solar commitment to Colorado by partnering with SolarCity to begin six new solar projects, which will reduce air pollution and help the state get closer to its renewable energy goals.
Judging by the numbers, you'd be half-right to conclude that 2011 was a boom year for U.S. renewables.
JUST a few years ago, the future of renewable energy looked as bright and shiny as a white turbine blade coming out of the mold.