U.S. Solar Market Grows 76% in 2012

An analysis released by GTM Research and the Solar Energy Industries Association (SEIA) found that 3,313 megawatts (MW) of solar photovoltaics was installed in the U.S. in 2012.

The Solar Market Insight: Year in Review 2012 reported that the U.S. solar industry grew from $8.6 billion in 2011 to $11.5 billion in 2012. When broken down by state,  California, Arizona, and New Jersey all rank as the highest installers of solar energy. And commercial, governmental, and nonprofit systems installed more than 1,000 MW.

The report forecasts 4,300 MW of new PV installations in 2013, up 29 percent over 2012. “Over the next four years, the residential and commercial markets are expected to gain market share as system prices decline, the industry becomes even more efficient, and new financing channels arise.”

Source: Green Tech Media

 

By Gaylen Davenport

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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.

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