SEIA

The U.S. solar energy industry continued its rapid growth through the second quarter of this year, gaining a greater share of the total global market according to GTM Research and the Solar Energy Industries Association (SEIA)'s latest quarterly U.S. Solar Market Insight report.

The U.S. solar energy industry continued to be one of the fastest growing sectors of the economy in Q1 2011 according to the U.S. Solar Market InsightTM: Q1 2011 released today by the Solar Energy Industries Association® (SEIA®) and GTM Research.

The U.S. solar energy industry had a banner year in 2010 with the industry’s total market value growing 67 percent from $3.6 billion in 2009 to $6.0 billion in 2010, according to the U.S. Solar Market InsightTM: Year-in-Review 2010 released today by the Solar Energy Industries Association® (SEIA®) and GTM Research. Solar was a bright spot in the U.S. economy last year as the fastest growing energy sector, contrasting overall U.S. GDP growth of less than 3 percent.

Solar energy markets in the U.S. continued to surge during the third quarter of 2010, according to a report released today by the Solar Energy Industries Association (SEIA®) and GTM Research. More than 27,000 U.S. homes and businesses installed solar energy systems in the third quarter of 2010. Installations in the non-residential photovoltaic (PV) sector grew 38 percent over the second quarter to reach 103 megawatts (MW).

The U.S. solar energy industry installed a record 1,855 megawatts (MW) of photovoltaic (PV) capacity in 2011, more than doubling the previous annual record of 887 MW set in 2010, according to the latest U.S. Solar Market Insight report. The record amount of solar installations is enough to power more than 370,000 homes, and represents a 109 percent growth rate in 2011.