Huge Gains in Solar Deployment, New Market Report Shows

 

A new market analysis by SEIA and GTM Research shows that America’s solar industry is currently on pace to achieve a record-shattering year.

 

The analysis showed that the U.S. market installed 832 megawatts of new PV systems in the second quarter of 2013 – a 15 percent increase over the first three months of 2013.

 

This great news means several things:

  • The U.S. residential market grew by 48 percent over Q2 2012.
  • Solar is now more affordable than ever with the average PV system price declining by more than 40 percent since 2011.
  • The U.S. PV and concentrating solar power (CSP) markets remain on pace for a record year in 2013.

 

It’s estimated that the 9.37 GW of solar energy currently installed will displace 9,232,122 metric tons of carbon dioxide emissions annually.

 

The full report is a great testament to why solar is such a growing and important part of America’s future. Read the full report here.

 

Source: Renewable Energy World

This entry was posted in Blog on by .

About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.