The U.S. solar energy market achieved its second-best quarter in history
Today, the U.S. solar industry employs more than 100,000 Americans at 5,600, mostly small businesses, across all 50 states. Utility solar installations hit 477 MW in the second quarter, with eight states posting utility installations of 10 MW or greater: California, Arizona, Nevada, Texas, Illinois, North Carolina, New Mexico and New Jersey. In total, the U.S. now has 5,700 MW of installed solar capacity, enough to power more than 940,000 households. According to U.S. Solar Market Insight GTM Research forecasts a total of 3,200 MW, or 3.2 GW, of PV will be installed in the U.S. in 2012, up 71 percent over 2011. “We’re starting to see innovative PV business models take a substantial hold in the U.S. residential market,” said Shayle Kann, Vice President of Research at GTM Research. “The success of third-party residential solar providers has attracted more than $600 million in new investments in recent months. This influx of cash into the residential space signifies the growing acceptance of solar leases and power purchase agreements as a secure investment for project investors. We expect that third-party installations will claim even more market share in the coming quarters.” U.S. Solar Market Insight: 2nd Quarter 2012 provides insight into the state of PV component manufacturing in the U.S. Global oversupply continues to be the chief challenge to U.S. PV suppliers, as wafer, cell, and module production in the U.S. fell 33, 25 and 28 percent respectively in Q2 2012 as a result.
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