The US solar market grew by a record-breaking 95% last year

February 16, 2017 by  
Filed under Eco, Green

The United States solar market grew an astounding 95 percent in 2016, installing an extraordinary 14.5 gigawatts of new solar capacity, according to the annual Solar Market Insight Report (SMI) from GTM Research and the Solar Energy Industries Association (SEIA). For the first time in history, solar ranked as the number one source of new electric generating capacity in the US, accounting for 39 percent of new capacity additions across all fuel types in 2016. “What these numbers tell you is that the solar industry is a force to be reckoned with,” said Abigail Ross Hopper, SEIA’s president and CEO. “Solar’s economically winning hand is generating strong growth across all market segments nationwide, leading to more than 260,000 Americans now employed in solar.” Related: Solar power now provides twice as many jobs as coal in U.S. A record 22 states each added more than 100 megawatts of solar, with California topping the list for cumulative solar capacity at 18,304 MW. There are now more than 1.3 million solar PV installations in the US, with a cumulative capacity of 42.3 GW. Wind energy also enjoyed a great year, accounting for 26 percent of all new electric generating capacity. Most of the new solar capacity was in utility-scale solar, which grew 145 percent from 2015. For the first time since 2011, the non-residential market outpaced residential solar installations — community solar added a record of more than 200 MW, led by Minnesota and Massachusetts; and rate design and net energy metering resulted in the development of new non-residential solar projects, particularly in California. + US Solar Market Insight Via CleanTechnica Images via Wikimedia and SEIA

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The US solar market grew by a record-breaking 95% last year

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