Report: U.S. Solar Market Spiked in Second Quarter of 2012
September 12, 2012
The U.S. solar industry notched its second-best quarter in history with 742 megawatts of solar panels installed in the second quarter of 2012.
The U.S. solar industry notched its second-best quarter in history, installing 742 megawatts of solar power in the second quarter of 2012, according to a report from the Solar Energy Industries Association (SEIA). A record 477 MW of utility-scale installations helped the U.S. solar market expand by 45% over the first quarter of 2012, and 116% over the same period in 2011.
Eight states registered utility installations of 10 megawatts or greater: Arizona, California, Illinois, Nevada, New Jersey, New Mexico, North Carolina, and Texas. For the fourth consecutive quarter, the U.S. residential solar market grew incrementally, installing 98.2 MW. California, Arizona, and New Jersey led residential installations nationally.
According to the latest U.S. Solar Market Insight Report from the industry group and GTM Research, the United States now has 5,700 MW of installed solar capacity—enough to power more than 940,000 households. The report notes that the market will remain strong through the last two quarters of 2012, and forecasts a total of 3,200 MW of PV will be installed this year—up 71% over 2011 totals. See the SEIA press release.