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New report: U.S. Solar market grew 76% in 2012

The solar industry in the US added a record 3.3 GW of Capacity last year...

The report, Solar Market Insight: Year-in-Review 2012, jointly published by GTM Research and the Solar Energy Industries Association (SEIA), found that solar was the fastest growing energy source in the U.S., with 3,313 megawatts (MW) of solar photovoltaics (PV) installed in 2012.

Even with the cost of solar falling for consumers, the market size of the U.S. solar industry grew 34 percent from $8.6 billion in 2011 to $11.5 billion in 2012. As of the end of 2012, there were 7,221 MW of PV and 546 MW of concentrating solar power (CSP) online in the U.S.

California became the first state to install over 1,000 MW in one year, with growth across all market segments. Arizona came in as the second largest market, led by large-scale utility installations, while New Jersey experienced growth in the state’s non-residential market. The top 10 largest state solar markets in 2012 were:

  • California - 1,033 MW;
  • Arizona - 710 MW;
  • New Jersey - 415 MW;
  • Nevada - 198 MW;
  • North Carolina - 132 MW
  • Hawaii - 109 MW;
  • Maryland - 74 MW;
  • Texas - 64 MW;
  • New York - 60 MW

 

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity

 

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