The solar power industry continues to expand rapidly in America.
The Solar Energy Industries Association in conjunction with Greentech Media Research have released their report for the first quarter of 2015. The report finds that the solar industry is off to another solid year of growth. In fact, 51 percent of all new electric capacity in the first quarter of this year was from solar.
A highlight of the report concerned the residential market. Residential solar grew by 76 percent compared to the first quarter of 2014. The amount installed was 437 megawatts, an 11 percent increase from the same time last year. This is especially impressive considering much of the installations happened in snow-packed states still recovering from a harsh winter.
Here are some of the other key findings from the report –
- A total of 1,306 MW of solar PV (photovoltaics) was added in the first quarter of this year. This is the 6th quarter in a row that more than 1 gigawatt of solar was added.
- Both residential and utility solar PV have added more capacity than natural gas.
- About 5 GW of solar PV has been installed by utilities.
- Nearly 25 percent of residential solar has been installed without state incentives.
- More than a third of the total community solar installations of 68 MW have come online since 2014.
- SolarReserve’s 110 MW concentrating solar power project is expected to be completed this year.
- The report has also forecast a total of almost 8 GW of solar PV arriving by the end of 2015, with the residential segment continuing to flourish.
An amazing 700,000 solar panel systems are now online in the U.S. The first quarter of 2015 added 66,440 systems to that number.
Again, the star of this report was residential solar. This segment of the market continues to impress. While coal and other fossil fuels can still compete on price at the utility scale, homeowners are seeing sharp differences in the price for solar and conventional energy from their utilities.
Considering the fact that the residential sector is responsible for one fifth of total U.S electricity consumption, the potential for solar power to still fill that need is truly enormous.
Residential solar now makes sense in more than just a handful of select states. Not only that, but tax credits and state rebates are not as vital as they once were, as the report finds.
The report really emphasizes that we are still at the beginning of our solar powered revolution. As quickly as solar installations are showing up in America, we’ll need quite a bit more before solar is a major energy player in this country.
Finally, for a proper ending for this report full of facts and figure –
Our clean energy future is as bright as the sun!
In conclusion, the year 2015 has been a remarkable year for solar energy. With advancements in technology, increased investments, and widespread adoption, solar power has continued to gain momentum as a viable and sustainable energy solution. The numerous benefits of solar energy, including reduced carbon emissions, cost savings, and job creation, have contributed to its success. As we move forward, it is clear that solar energy will play a significant role in shaping our future energy landscape and helping to combat climate change.
In conclusion, the year 2015 has been a remarkable year for the solar industry. With advancements in technology, decreasing costs, and increasing awareness about renewable energy, solar power has gained significant momentum. The industry has witnessed a surge in installations and investments, making it another great year for solar. As we move forward, it is evident that solar energy will continue to play a crucial role in our transition towards a sustainable and clean energy future.
In conclusion, the year 2015 has been a remarkable year for solar energy. The advancements and achievements in the solar industry have demonstrated its potential as a reliable and sustainable source of power. With increasing investments and government support, solar energy has gained significant momentum and is on track to become a major player in the global energy market. As the world continues to prioritize renewable energy, the future looks bright for solar power.
In conclusion, the year 2015 has been a remarkable year for solar energy. With advancements in technology and increased awareness about the benefits of renewable energy sources, solar power has gained significant momentum. The industry has witnessed a surge in installations and investments, making it clear that solar energy is here to stay. As we move forward, it is expected that solar power will continue to thrive and play a crucial role in shaping a sustainable future for our planet.
In conclusion, the year 2015 has been a remarkable year for the solar industry. With advancements in technology, increased government support, and growing public awareness about the benefits of solar energy, the industry has experienced significant growth and success. Solar power has proven to be a reliable and sustainable source of energy, contributing to a cleaner environment and reducing dependence on fossil fuels. As we move forward, it is expected that solar energy will continue to play a crucial role in meeting the world’s energy needs and combating climate change.
In conclusion, the year 2015 has been a remarkable one for the solar industry. With advancements in technology, increasing affordability, and growing awareness about the benefits of solar energy, the industry has seen significant growth and success. Solar power has become a popular choice for individuals, businesses, and governments alike, as it offers a sustainable and renewable source of energy while reducing carbon emissions. As we move forward, it is expected that the solar industry will continue to thrive and contribute to a cleaner and more sustainable future.
In conclusion, the year 2015 has been a remarkable year for solar energy. The industry has witnessed significant growth and advancements, making it another great year for solar. The increasing adoption of solar power across various sectors and countries is a clear indication of its potential to transform the global energy landscape. With the continuous innovation in technology and decreasing costs, solar energy is becoming more accessible and affordable for both residential and commercial consumers. The positive trends observed in 2015 are expected to pave the way for a sustainable and clean energy future.
In conclusion, the year 2015 has been a remarkable year for solar energy. With advancements in technology, increased government support, and growing public awareness about the benefits of renewable energy, solar power has experienced significant growth and success. The industry has witnessed a surge in installations and investments, making it an attractive option for both individuals and businesses. As we move forward, it is evident that solar energy will continue to play a crucial role in the global transition towards a more sustainable and clean energy future.