Solar Energy System Installations in 18 Months Outnumbered Installations in Past 30 Years

Due to solar panel gaining so much popularity over the past two years, installations have outpaced the combined installs of the past three decades. The U.S. has set up more solar energy systems in the last 18 months compared to how much they have set up the previous 30 years, according to the Solar Energy Industries Association (SEIA).

Installations of new solar systems on 2013 were up to 41% higher than 2012, resulting in 4,751 megawatts of energy. In 2012, 10% of all new electricity was generated from solar. It went up to 29% in 2013. The alternative energy source, besides natural gas, is now the second-leading new source of electricity in the country

With a total market value of $13.7 billion, there were 140,000 individual solar installations in the U.S. in the previous year alone. As of today, there are more than 445,000 solar systems in operation. California installed the most solar unites in 2013 compared to other states. Half of their installations ever added happened last year. Ranking 8 in solar additions in 2013, Texas has enough solar potential to cover the world twice over.

Because solar power has become so popular, they have now lowered the price down on new systems. They now cost 15% less compared to 2012.

According to SEIA, the factors that contribute to the success of solar power are rapid customer adoption, grassroots support, improved financing terms, and public market success.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to solar panel gaining so much popularity over the past two years, installations have outpaced the combined installs of the past three decades. The U.S. has set up more solar energy systems in the last 18 months compared to how much they have set up the previous 30 years, according to the Solar Energy Industries Association (SEIA).

Installations of new solar systems on 2013 were up to 41% higher than 2012, resulting in 4,751 megawatts of energy. In 2012, 10% of all new electricity was generated from solar. It went up to 29% in 2013. The alternative energy source, besides natural gas, is now the second-leading new source of electricity in the country

With a total market value of $13.7 billion, there were 140,000 individual solar installations in the U.S. in the previous year alone. As of today, there are more than 445,000 solar systems in operation. California installed the most solar unites in 2013 compared to other states. Half of their installations ever added happened last year. Ranking 8 in solar additions in 2013, Texas has enough solar potential to cover the world twice over.

Because solar power has become so popular, they have now lowered the price down on new systems. They now cost 15% less compared to 2012.

According to SEIA, the factors that contribute to the success of solar power are rapid customer adoption, grassroots support, improved financing terms, and public market success.