Wednesday, May 18, 2011

America Will Install 10,000 Megawatts of Solar Just in 2015

In fact, the odds are good that America will install even more than 10,000 megawatts of solar electric generation in 2015 or enough power to supply about 1.5 million homes.  The US solar market will be at least $30 billion per year.  The solar revolution is picking up speed and is unstoppable.

Don't believe it?  Or want to be part of this enormous business opportunity?  Either way, consider these incredible numbers.

In 2,000 just 3 megawatts of solar electricity was installed in the USA.  For 10 years the solar market grew by 67% per year, reaching 435 megawatts installed in 2009.

Then 2010, the best solar year in history of the USA and world, saw the market grow 102%, with solar PV reaching 878 MW and total solar electric reaching 956 MW, with the opening of 3 concentrated solar plants.

Solar installation in 2011 in the USA will be somewhere between 1500-2000 MW.

Assuming a conservative growth rate of 67%, USA solar installs in 2015 will exceed 10,000 MW.  By that year total installed solar electricity will be about 30,000 MW.

What is driving solar power forward?  Dramatically declining costs and policy. 

Solar, wind, and gas will dominate new generation in the USA over the next 10 years.

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