08 Aug '11, 2pm

US Solar PV to Double in 2011; Grow 47% a year to 2015

US Solar PV to Double in 2011; Grow 47% a year to 2015

The US solar photovoltaic (PV) market will double in 2011, this despite current economic weakness, according to research from Solarbuzz. With a current project pipeline of more than 17 gigawatts (GW), the Port Washington, NY-based research firm foresees the US solar PV market growing to reach 6.4 GW by 2015, a constant annual growth rate of 47%. Solarbuzz forecasts the US will account for 12% of the global solar PV market by 2015, up from 5%. This would make the US the third-largest solar PV market worldwide, ranking behind Germany and Italy. 2010 growth rates will vary regionally and by market segment with shifts in policy and incentives at the federal, state and local levels of government, but the sharp drop in solar PV prices will underpin growth, according to Solarbuzz’s “United States 2011 PV Market” report. The annual Congressional argument over renewing federal inve...

Full article: http://cleantechnica.com/2011/08/08/us-solar-pv-to-double...

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Solar PV to Double in US in 2011 (+ Top Green Living Stories)

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