Despite the Great Recession of 2009, the U.S. solar energy industry grew— both in new installations and employment. Total U.S. solar electric capacity from photovoltaic (PV) and concentrating solar power (CSP) technologies climbed past 2,000 MW, enough to serve more than 350,000 homes. Total U.S. solar thermal capacity approached 24,000 MWth.1
Solar Market Insight (SMI)
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The U.S. solar energy industry grew to new heights in 2008 and many industry observers expect thatgrowth to continue in 2009. Total capacity grew by 1,265 megawatts (MW)1 in 2008, up from 1,159 MW installed in 2007.2 This brings the total installed capacity up by 16 percent to 9,183 MW. Capacity in both photovoltaic (PV) and solar water heating systems grew at record levels. And while no new concentrating solar power (CSP) plants were completed in 2008, projects totaling more than 6,000 MW are in the pipeline most with signed purchase power agreements. Solar pool heating capacity grew at a slower rate than in 2007, reflecting conditions in the residential real estate market.
Join SEIA and GTM Research for a review of the U.S. Solar Market Insight Report: 2012 Year-in-Review , a look back 2012 highlights and accomplishments, a Q4 2012 data review and a forecast of what's to come for the remainder of 2013. The webinar will highlight trends throughout the U.S. market as well as some state-specific overviews.
In 2007, the U.S. solar energy industry saw a glimpse of a gigawatt future. There was signi?cant growth in the commercial and residential PV markets and a new utility-scale segment for PV emerged with the fastest growth of all segments representing over 15 percent of the annual U.S. installed PV capacity. The ?rst concentrating solar power plant was built in more than 15 years with dozens more utility-scale projects in the pipeline. The expansion of the solar water heating market continued. Thousands of U.S. jobs were created and billions of dollars were invested. And, the industry strengthened its presence in Washington and our united coalition support across the country.
WASHINGTON D.C. -- GTM Research and the Solar Energy Industries Association® (SEIA®) today released the U.S. Solar Market Insight: Third Quarter 2012. The report finds that the U.S. solar photovoltaics (PV) market installed 684 megawatts (MW) in the third quarter (Q3) of 2012, representing 44 percent growth over the same period last year. This quarter marked the third largest on record for the U.S.
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 December 11, 2012.
An In-depth analysis of the 2012 solar survey, including graphs and percentages that pertain to questions asked in the survey.
Third-party financing allows more Americans to “go solar” by lowering the cost of solar installation and maintenance of a system. Companies continue to develop new products and services to meet growing demand for solar. SEIA is committed to supporting policies that enable this innovation to continue and lower costs for consumers.
The solar investment tax credit (ITC) reduces the tax liability for individuals or businesses that purchase qualifying solar energy technologies
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 September, 2012.