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