Friday, June 17, 2011

2011 Q1 Solar Installations Grow at 66% Rate on the Road to 100,000 Megawatts by 2020

It is not a fluke.  It is not a flash in the pan.  It is real and growing.  It is an energy revolution.

Building on 100% growth in 2010 for US solar installations, the US solar industry grew in the first quarter of 2011 66%, according to data released by Rhone Resch, the President of the Solar Energy Industries Association.

US solar installations in 2011 may reach 2,000 megawatts, up from just a little less than a 1,000 megawatts installed in 2010. Solar costs nationally to the consumer declined by another 15% in the last 12 months or by 1.25% per month.

Lower prices are a key foundation of sustaining the booming US solar industry. Resch predicted that the solar industry would add nationwide 25,000 to 50,000 jobs in 2011.

By 2015, 10,000 megawatts per year of solar will likely be built in the USA.  By 2020, the USA will likely have 100,000 megawatts of solar operating.

Globally a total of 40,000 megawatts is now installed and another 20,000 megawatts is likely to be built just in 2011.

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