On October 13th, the Solar Energy Industries Association (SEIA) and GRM Research released the “U.S. Solar Market Insight” report covering industry action in the first half of 2010. The news is encouraging: the report reveals there is growth in the solar industry despite the struggling capital markets and economy.
“First half solar installations grew beyond expectations as a result of declining prices, continued government support and improving financial conditions,” said Shayle Kann, Managing Director at GTM Research in a press release on October 13th. “In spite of the macroeconomic woes, the U.S. solar industry is on track to have a record year in 2010 for both installations and manufacturing.”
There is a 55% growth in grid installed solar over 2009, with 339 MW grid installed power to date. The PV (photo-voltaic) market is up 69% over 10 years in the U.S., from 3.9 MW in 2000 to 435 MW installed by the end of 2009. The U.S. placed fourth worldwide in 2009 for installed PV power, after Germany, Japan and Italy. The chart below illustrates the growth, courtesy the SEIA report:
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