New Report Shows U.S. Solar Industry Tops 1 GW of Installed Capacity for Third Straight Quarter
Released December 9, 2014
The U.S. installed 1,354 megawatts (MW) of solar photovoltaics (PV) in the third quarter of 2014 to total 16.1 gigawatts (GW) installed PV capacity, with another 1.4 GW of concentrating solar power (CSP) capacity, enough to power 3.5 million homes. This quarter was the second largest quarter in history for solar growth, and SEIA and GTM Research predict another record-breaking year for 2014, with total installed capacity reaching three times the size of the market just three years ago.
The full report includes all the data and analysis from our Executive Summary plus incisive, state-level breakdowns of installations, costs, manufacturing and demand projections.
December 9, 2014
As of Q3 2014, solar has made up more than a third (36%) of new electric generating capacity in the United States this year. The webinar highlights trends in Q3, both at the national level and in some of the top state markets. The discussion will also include detailed PV and CSP market forecasts for the rest of 2014 and beyond. Register
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BOSTON, MA AND WASHINGTON, D.C. – Through the first three quarters of the year, solar represents 36 percent of new capacity to come on-line, up from 29 percent in 2013 and 9.6 percent in 2012. Read more
For more facts and figures about the U.S. solar industry, including historical data and future projections, click here.
- Click to tweet: The US #solar industry is three times as big as it was three years ago! Enough to power 3.5 million homes! #killingit www.seia.org/smi
- Click to tweet: Last quarter was the fourth in a row with more than 1 GW of #solar capacity installed in the US! www.seia.org/smi
- Click to tweet: Got #solar questions? We've got answers! New #SMI data is out, showing solar was 36% of new capacity so far this year! www.seia.org/smi
- Click to tweet: New data shows #solar costs keep falling -- no wonder half a million Americans have it on their houses! www.seia.org/smi
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