Two Graphs Highlighting Growth Surge In US Solar Market

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Originally published on RenewEconomy.

These two graphs pretty much speak for themselves. They highlight the surge in growth in the solar market in the US – encompassing residential and commercial solar, utility scale solar PV and concentrated solar power.

solar-US-590x446The graphs come from a recent presentation by the Solar Energy Industry Association in the US.  By the end of 2015, it expects accumulated capacity in the US to reach 28GW. It has another 36GW of utility scale solar in the pipeline, and the residential market, now at just over one million homes, is also expected to surge.

This is represented in the next graph, with utility scale solar leading the way, and residential installations surging ahead of commercial and industrial installations. The SEIA expects 18 per cent growth and a new installation every 2.5 minutes.

us-solar-growth-590x446

In 2014, 36 per cent of all electricity capacity was solar. But by 2016, it will still account for 1.6 per cent of the total generation mix.

Reprinted with permission.


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Giles Parkinson

is the founding editor of RenewEconomy.com.au, an Australian-based website that provides news and analysis on cleantech, carbon, and climate issues. Giles is based in Sydney and is watching the (slow, but quickening) transformation of Australia's energy grid with great interest.

Giles Parkinson has 596 posts and counting. See all posts by Giles Parkinson