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US Solar Capacity Now Exceeds 20 GW
September 9th, 2015 by Roy L Hales
US Solar Capacity Now Exceeds 20 GW
Originally published on the ECOreport.
Solar rocks! Go solar!
September 9th, 2015 by Roy L Hales
US Solar Capacity Now Exceeds 20 GW
Originally published on the ECOreport.
The US residential solar market grew 70% during the first half of 2015. Thanks to the addition of another 729 MW of utility-scale solar during the second quarter, the nation has installed more than 1 GW of PV for the last 7 quarters. According to the Solar Energy Industry Association’s (SEIA’s) latest US Market Insight Report, US solar power capacity now exceeds 20 GW.
The Pace Picks Up
SEIA claims that 40% of these projects were picked up because of “solar’s economic competitiveness with fossil-fuel alternatives” and predicts the US will install 7.7 GW by the end of this year, with the most rapid development occurring in the residential sector.
“The demand for solar energy is now higher than ever and this report spells out how crucial it is for America to maintain smart, effective, forward-looking public policies, like the ITC, beyond 2016,” said Rhone Resch, SEIA President and CEO. “At over 20 GW of installed solar electric capacity, we now have enough solar in the U.S. to power 4.6 million homes, reducing harmful carbon emissions by more than 25 million metric tons a year. Since the ITC was passed in 2006, U.S. solar growth has exploded and more than 150,000 American solar jobs have been created. By any measurement, that’s a success for both our economy and environment.”
Solar rocks! Go solar!