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US Solar Market Sets New Record, Installing 7.3GW of Solar PV in 2015

Another record breaking year for the solar industry in the United States installed 7,286 megawatts of solar PV in 2015. Solar Energy Industries Association announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.

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US Solar Market Sets New Record, Installing 7.3GW of Solar PV in 2015

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  1. US Solar Market Sets New Record, Installing 7.3GW of Solar PV in 2015 Alex Yackery | 12th July 2016

  2. For the first time ever, solar beat out natural-gas capacity additions. In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts of solar PV in 2015. GTM Research and the Solar Energy Industries Association announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.

  3. FIGURE: Ranking States by Annual PV Installations For the first time ever, solar beat out natural-gas capacity additions, with solar supplying 29.5 percent of all new electric generating capacity in the U.S. in 2015.

  4. FIGURE: Ranking States by Annual PV Installations For the first time ever, solar beat out natural-gas capacity additions, with solar supplying 29.5 percent of all new electric generating capacity in the U.S. in 2015.

  5. Share of U.S. PV Installations by Segment, 2000-2015 “Without a doubt, 2015 was a monumental year for the U.S. solar industry, and perhaps what’s most amazing is that we’re only getting started,” said SEIA president and CEO Rhone Resch. “Over the next few years, we’re going to see solar continue to reach unprecedented heights as our nation makes a shift toward a carbon-free source of energy that also serves as an economic job-creating engine.”

  6. Key findings: • The U.S. installed 7,286 megawatts of solar photovoltaics (PV) in 2015, the largest total ever and 17 percent above 2014 • The 7.3 gigawatts installed in 2015 is 8.6 times the capacity installed five years earlier in 2010 • Residential was once again the fastest-growing sector, installing over 2 gigawatts for the first time and growing 66 percent over 2014 • Utility solar PV also had a record year with over 4 gigawatts installed, up 6 percent over 2014 • 110 megawatts (AC) of concentrating solar power (CSP) capacity came on-line in late 2015 when SolarReserve’s Crescent Dunes project began sending electricity to the grid • Non-residential solar was essentially flat for the third year in a row, installing just over 1 gigawatt • Cumulative solar PV installations reached over 25 gigawatts by the end of the year, up from just 2 gigawatts at the end of 2010

  7. Contact US • Venture Home Solar • 240 Kent Ave, Brooklyn, • NY 11249 • +1 800-203-4158 • http://venturehomesolar.com/ • Resource: http://goo.gl/myUny2

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