Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

U.S. Solar Energy Projects Rose 67% in 4th Quarter

 
solar energy projects

According to the Solar Energy Industries Association (SEIA), solar power installations increased 67% in the 4th quarter of 2011. Of course this was largely driven by the expiration of the 1603 Treasury program, which the solar industry is working hard to get renewed and Obama included in his latest budget proposal. Additionally, if you haven’t heard (a joke for our regular readers), solar panel prices fell off a cliff in 2011.

In total, 700-750 megawatts of rooftop solar energy projects and ground-mounted solar energy projects were installed in the 4th quarter. 450 megawatts were installed in the 3rd quarter.

U.S. Solar Energy Projects in the Wings

With still-dropping solar panel prices and a renewal of the U.S. Treasury Department’s 1603 program (take action here to push for that renewal), SEIA notes that solar power installations could grow by 3,000 megawatts to 4,000 megawatts in 2012.

“Extension of this worthwhile program will allow taxpayers to reap the significant economic and energy policy benefits associated with the expanded deployment and use of solar energy,” SEIA writes.

“The 1603 program has helped leverage over $24 billion in private sector investment in for a wide range of clean energy projects, and extending the 1603 program will create an additional 37,000 jobs in the American solar industry in this year alone,” President and CEO Rhone Resch states.

Sources: Bloomberg & SEIA
Solar panels via shutterstock

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

You May Also Like

Clean Power

By U.S. Solar Energy Industries Association (SEIA) As the solar industry continues to grow and America moves toward a bright clean energy future, there’s...

Clean Power

The wrath of the US solar industry is raining down upon an anonymous group of solar tariffs petitioners against unfair Chinese imports.

Clean Power

SEIA estimates the proposed 50-250% duties would cause 18 GW of lost solar deployment, equivalent to all U.S. solar capacity installed prior to 2015

Clean Power

We Need Incentives to Help Electric Co-ops Replace their Coal Plants

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.