16 Jun '11, 4am

U.S. Solar Energy Industry Continues Record-Setting Growth in 2011

U.S. Solar Energy Industry Continues Record-Setting Growth in 2011

The U.S. solar energy industry continued to be one of the fastest growing sectors of the economy in Q1 2011 according to the U.S. Solar Market Insight: Q1 2011 released today by the Solar Energy Industries Association® (SEIA®) and GTM Research. In total, cumulative grid-connected solar electric installations have reached more than 2.85 gigawatts (GW), enough to power nearly 600,000 U.S. homes. In the first quarter of 2011, the United States installed 252 megawatts (MW) of grid-connected photovoltaics (PV) or 66 percent year-over-year growth over Q1 2010 installations. Two major factors drove this growth: falling solar energy equipment costs and a rush to take advantage of the Section 1603 Treasury program that was expected to expire in 2010 (the program was eventually extended through the end of 2011). All three PV market sectors (residential, commercial and utility) conti...

Full article: http://www.greentechmedia.com/articles/read/u.s.-solar-en...

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