According to the Solar Energy Industries Association (SEIA) Report conducted by GTM Research, in the second quarter of 2014, the U.S. solar market has seen more than half a million homes and businesses utilizing solar power. Report also shows 1,133-MW of solar photovoltaic (PV) were installed during the second quarter of 2014.
Within two years, the solar utility segment has quadrupled its size, from 1,784 MW in the first half of 2012 to 7,308 MW. Also GTM Research and SEIA predict 6.5 GW of PV will be installed in the United States by the end of 2014, up 36% over last year.
Cumulative PV and concentrating solar power (CSP) operating capacity reached 15.9-GW.
SEIA President and CEO Rhone Resch told “Solar continues to soar, providing more and more homes, businesses, schools and government entities across the U.S with clean, reliable and affordable electricity”.
“Today, the solar industry employs 143,000 Americans homes and pumps nearly $15 billion a year into Unites State’s economy. This remarkable growth is due, in large part, to smart and effective public policies, such as Net Energy Metering (NEM), the solar Investment Tax Credit (ITC), and renewable portfolio standards (RPS). By any measurement, these policies are paying huge dividends for both the U.S. economy and our environment – and should be maintained, if not expanded, given their tremendous success, as well as their importance to America’s future.” He also added
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