Dec 22 2010
GTM Research and Solar Energy Industries Association (SEIA) in their recently released report declared that in the U.S. solar energy markets have shown an upward rise in the final quarter of 2010.
The report titled ‘U.S. Solar Market Insight’, predicts that the growth trend will continue in 2011, while the continuation of the Treasury Grant Program will reduce the pressure on the market and remove any uncertainty.
According to the report, in the third quarter of 2010 around 27,000 homes and businesses in the USA have installed solar systems and the photovoltaic installations in the non-residential segment witnessed 38% increase in the second quarter and achieved 103 MW. In addition to the motivating factors, such as favorable federal and state policies and incentives, the reduction in cost of solar installations played a vital role in the growth of solar installations. The report mentions that in third quarter of 2010 the country has erected around 530 MW of PV installations which exceed the total installation of 435 MW in 2009. The research report estimates that the total PV installations in 2010 will reach 855 MW and adds that other solar installations such as concentrated solar power and solar heating solutions in the last quarter will ultimately take the total installed solar power to 1,000 MW or over 1 GW.
The report mentions that California achieved a maximum installation of over 67 MW new PV installations and followed by other states such as Colorado, Florida, New Jersey and Arizona. It quotes, the states such as Arizona, Florida, California, Puerto Rico and Hawaii lead the country in the installation of heating and cooling systems. The report includes national and state wide statistics and study on the demand for solar installations, typical system and components, and production.
Source: http://www.gtmresearch.com/