Natural Health

Healthy living, herbal remedies and DIY natural beauty.

Add to My MSN

Solar Is America's Fastest Growing Industry, Report Finds

4/6/2011 1:07:30 PM

Tags: solar energy, solar industry, Solar Energy Industries Association, National Renewable Energy Laboratory, solar industry growth, Robyn Griggs Lawrence

Robyn Griggs Lawrence thumbnailThe solar energy industry is America’s fastest growing industry, Solar Energy Industries Association (SEIA) CEO Rhone Resch announced yesterday at the opening session of PV America Conference 2011 in Philadelphia In 2010, the U.S. solar market was $6 billion, up from $3.6 billion in 2009. “We are growing faster than wind energy, faster than telecommunications, and, thank goodness, we are even growing faster than the mortgage foreclosure industry," Resch said.

Based on installed solar sales, the industry grew 67 percent from 2009 to 2010, according to SEIA and GTM research’s “2010 U.S. Solar Market Insight: Year in Review." That growth is spread across the country, and the Southwest is particularly poised to see increases as large-scale utility projects come online. “Last year, 16 states installed more than 10 megawatts; that's up from 4 states in 2007,” Resch said. "Already, the Mid-Atlantic region is beating California as the largest market in the U.S. for PV installations.”

Still, the industry faces challenges. “Even with spectacular growth, the U.S. market is slowed by the complexities of state-by-state differences in regulations, incentives, utilities and financing structures,” the SEIA report states. “Smart policies at the federal and state level, as well as a solid understanding of market conditions, are needed to continue and accelerate the growth pattern in the U.S.”

 solar map 

The National Renewable Energy Laboratory’s map of the best regions for generating solar power considers factors such as cloud cover, water vapor and atmospheric pressure. The Southwest is ripe with potential.



Related Content

Microsoft Hohm Application Tracks Energy Use

The new Microsoft Hohm application makes it easy to track your energy use and provides simple recomm...

The Gift of Solar Energy

Here are three of the season’s brightest and cleanest gifts for a greener holiday celebration.

Solar Power: Feed-In Tariffs Invigorate Gainesville

As tough economic times hit the renewable energy industry, unsold solar panels are collecting dust i...

Solar Is Fastest-Growing Energy Sector

The bad news? Coal-fired power plants are our biggest source of industrial pollution. The good news?...

Content Tools




Post a comment below.

 










Subscribe Today - Pay Now & Save 66% Off the Cover Price

First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
Country:
Email:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Lighten the Strain on the Earth and Your Budget

MOTHER EARTH NEWS is the guide to living — as one reader stated — “with little money and abundant happiness.” Every issue is an invaluable guide to leading a more sustainable life, covering ideas from fighting rising energy costs and protecting the environment to avoiding unnecessary spending on processed food. You’ll find tips for slashing heating bills; growing fresh, natural produce at home; and more. MOTHER EARTH NEWS helps you cut costs without sacrificing modern luxuries.

At MOTHER EARTH NEWS, we are dedicated to conserving our planet’s natural resources while helping you conserve your financial resources. That’s why we want you to save money and trees by subscribing through our earth-friendly automatic renewal savings plan. By paying with a credit card, you save an additional $5 and get 6 issues of MOTHER EARTH NEWS for only $12.00 (USA only).

You may also use the Bill Me option and pay $17.00 for 6 issues.