Solar PV Power Grows 69% Year-Over-Year in US for Second Quarter 2011

Following recent reports on how fast solar power is growing in the US, and how many people employed by the solar power industry: A new assessment from the Solar Energy Industries Association and GTM Research shows the US solar PV industry installing 314 MW in the second quarter of 2011 (69% more than last year; 17% more than Q1 2011). For the year, the US is set to install 1.75 GW of solar PV (double last year).
For the concentrating solar power market and concentrating photovoltaics, there are currently 600 MW under construction in the US, with an additional 7 GW at various stages of development.

The only segment of the solar power market which did not grow in the Q2 2011 was the residential PV market, which declined for the second consecutive quarter. During Q2, 60 MW were installed, a decline of 5.7% over the previous year. However, the Solar Market Insight expects the residential market to pick up, as residential solar-leasing programs expand.

Read more: US Solar Market Insight: Second Quarter 2011
More on Solar Power
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Solar Power Is Among Fastest Growing Industries in America - Solyndra Is An Exception

Tags: Renewable Energy | Solar Power | United States

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