Newsline

Use of Solar Power Rising in US

Solar Accounts for Nearly Half of Electric Capacity Installed in US in Q1

July 15, 2013

WASHINGTON — A report released by GTM Research and the Solar Energy Industries Association (SEIA) found the U.S. installed 723 MW of solar energy in Q1 2013, which accounted for more than 48 percent of all new electric capacity installed in the U.S. last quarter. Overall, these installations represent the best first quarter of any given year for the industry. In addition, the residential and utility market segments registered first-quarter highs with 164 MW and 318 MW respectively.

The residential market remains a highlight for U.S. solar with 53 percent year-over-year growth. Unlike the nonresidential and utility markets, residential solar has not exhibited seasonality and market volatility on a national basis; quarterly growth in the U.S. residential market has ranged from 4 to 21 percent in 12 of the past 13 quarters.

Furthermore, third-party owned (TPO) residential systems continue to be a major storyline in the market. In the key states of California and Arizona, for example, TPO systems accounted for 67 percent and 86 percent respectively of all residential PV installed in Q1 2013.

“We are on the cusp of a new solar revolution in the U.S., driven by the rapid expansion of distributed generation,” said Shayle Kann, vice president of research, GTM Research. “Installations will speed up over the next four years as projects become economically preferable to retail power in more locations. However, changes to net metering and electricity rate structures could serve as the market’s primary barrier to adoption.”

Looking at the market on the whole, the report forecasts 4.4 GW of PV to be installed by the end of 2013, growing to nearly 9.2 GW annually in 2016. GTM Research and SEIA have increased each year’s forecast marginally from past editions of the report, due largely to increasingly bullish expectations for the residential market and the near-term opportunity it offers.

Despite the fact that little concentrating solar power (CSP) capacity came online during Q1 2013, CSP is also expected to make major gains by the end of the year, adding more than 900 MW of capacity. Combined, the U.S. is expected to add 5.3 GW of solar electric capacity in 2013, enough to power more than 960,000 average American homes.

“The U.S. now has more than 8,500 MW of cumulative installed solar electric capacity, enough to power more than 1.3 million American households,” said Rhone Resch, president and CEO, SEIA. “This sustained growth is enabling the solar industry to create thousands of good American jobs and to provide clean, affordable energy for more families, businesses, utilities, and the military than ever before. This growth simply would not have occurred without consistent, long-term policies that have helped to ensure a stable business environment for our nation’s 5,600 solar companies — many of which are small businesses.”

Publication date: 7/15/2013 

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

Kyle Gargaro, editor-in-chief of The NEWS, hosted the 2014 ACCA CEO Forum. At the event, six well-known, highly respected company executives, Gary Michel, Ingersoll Rand/Trane; Chris Nelson, Carrier Corp.; Chris Peel, Rheem Mfg. Co.; Rod Rushing, Johnson Controls; Brent Schroeder, Emerson Climate Technologies; and Doug Young, Lennox; provided individual industry outlooks and fielded questions directly from attending contractors. Listen to the entire event on the NEWSMakers podcast. Posted on April 14.

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con