U.S. PV Market Installs 4,751 Megawatts in 2013; Largest Year On Record
2013 was another record year for the U.S. solar industry. There were 4,751 MW of new photovoltaic (PV) capacity installed in 2013, representing a 41 percent increase in deployment over installation levels in 2012. Solar accounted for 29 percent of all new electricity generation capacity added in 2013, up from just 10 percent in 2012, which made solar the second largest source of new electricity generating capacity behind natural gas. The record year was driven in part by historical growth in the fourth quarter, as 2,106 MW came online in Q4 alone. (All data from SEIA/GTM Research “U.S. Solar Market Insight: 2013 Year in Review” unless otherwise noted.)
Installations Continue to Boom
- There are now over 13,000 MW of cumulative solar electric capacity operating in the U.S., enough to power more than 2.2 million average American homes.
- There were 140,000 new solar installations in the U.S. during 2013, bringing the total to over 445,000 PV systems operating today.
- The utility market led the charge again with 2,847 MW of PV and 410 MW of Concentrating Solar Power (CSP) installed in 2013.
Falling Costs Make Solar More Affordable
- Year-over-year, the national average PV installed system price declined by 15% to $2.59/W in Q4.
- The average price of a solar panel has declined by 60 percent since the beginning of 2011.
- While these price drops are beneficial for solar consumers, the sharp fall in prices, due in part by a global oversupply, has put a serious strain on solar manufacturers worldwide.
Another Record Year of Installations
- Close to 6,000 MW of PV are forecasted to come online throughout 2014, which represents 26% growth over 2013's record installation totals.
- 2014 will be a record year for CSP as 840 MW are expected to be commissioned by year's end.
- Together, new solar electric capacity projected to be added in 2014 will generate enough clean energy to power over 1.13 million average American homes.
As the solar industry grows, so does its impact on the economy. According to The Solar Foundation's Solar Job Census 2013, there are nearly 143,000 solar workers in the U.S., a nearly 20 percent increase over employment totals in 2012. These workers are employed at 6,100 businesses operating at over 7,800 locations in every state. The increasing value of solar installations has injected life into the U.S. economy as well. In 2013, solar electric installations were valued at $13.7 billion, compared to $11.5 billion in 2012 and $8.6 billion in 2011.
National Solar Database
SEIA is collects detailed information on solar companies across the U.S. to help support our advocacy efforts. The information collected includes company name, contact name, addresses of each company location, type of business, product or service, and solar employment statistics.
Solar Companies Across the United States from
SEIA's National Solar Database