The U.S. solar market is set to grow a staggering 119 percent this year says GTM Research in its latest U.S. Solar Market Insight Report 2015 Year in Review, published in conjunction with the Solar Energy Industries Association (SEIA).
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U.S. Solar Market Insight™ is a collaboration between the Solar Energy Industries Association® (SEIA®) and GTM Research that brings high-quality, solar-specific analysis and forecasts to industry professionals in the form of quarterly and annual reports. Released March 9, 2016.
In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts (MW) of solar photovoltaics (PV) in 2015. GTM Research and the Solar Energy Industries Association (SEIA) announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.
This report by the Lawrence Berkeley National Laboratory draws on the expanding amount of empirical data to conduct analysis of the utility-scale sector.
Continuing on its record-breaking trajectory, the United States solar industry surpassed 20 gigawatts (GW) of total operational solar photovoltaic (PV) capacity during the second quarter of this year. According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2015 U.S. Solar Market Insight Report, the U.S. installed 1,393 megawatts[i] of PV last quarter, showcasing both annual and quarterly growth.
From the Executive Summary:
Lawrence Berkeley National Laboratory (LBNL) released Tracking the Sun VIII, the Department of Energy’s report on the price of grid-connected solar photovoltaic systems.
The International Energy Agency (IEA), an autonomous part of the Organization of Economic Cooperation and Development, released their 2014 annual report on Photovoltaic Power Systems Program (PVPS).
This ICF International report provides an economic analysis of Innovative Crude Production Methods under the Low Carbon Fuel Standard (LCFS). The California Air Resources Board (CARB) has proposed to re-adopt the LCFS, reaffirming its original target of a 10 percent reduction in the carbon intensity of transportation fuels used in California by 2020 and subsequent years.
Solar energy is on the rise in the United States. At the end of the first quarter of 2015, more than 21,300 megawatts of cumulative solar electric capacity had been installed around the country, enough to power more than 4.3 million homes. The rapid growth of solar energy in the United States is the result of forward-looking policies that are helping the nation reduce its contribution to global warming and expand its use of local renewable energy sources.