The World's #1 Renewable Energy Network for News, Information, and Companies.

US Solar Power Rises 79 Percent as Residential Panels Beat Warehouses

US Solar Power Rises 79 Percent as Residential Panels Beat Warehouses

Homeowners and developers installed 1.33 gigawatts of solar panels in the first quarter, the second- largest total on record, according to the Solar Energy Industries Association.

Installation increased 79 percent from the same quarter a year earlier with utility-scale projects making up almost two-thirds of the total and homeowner demand surging, the Washington-based trade group said today in a statement.

Total installations may reach 6.6 gigawatts this year, driven by residential rooftop systems and more than 12 gigawatts of utility projects under development, said Shayle Kann, vice president of research at Boston-based GTM Research, which publishes the quarterly market reports with SEIA. This was the first quarter when residential systems exceeded commercial and government solar.

Residential solar has “nowhere to go but up,” Kann said. Installation increased 38 percent to 232 megawatts as financing models such as leasing make it easier for homeowners to afford rooftop panels. “The economics just keep getting better.”

Utility-scale solar farms accounted for 873 megawatts, up from 322 megawatts a year earlier, and there were 225 megawatts installed at commercial, government and non-profit projects.

The first-quarter total was lower than the record 2.1 gigawatts installed in the fourth quarter, mainly because of seasonal trends, Kann said.

California accounted for about 72 percent of all installations at 959 megawatts, followed by New Jersey in distant second at 64 megawatts and Arizona at 52 megawatts.

Copyright 2014 Bloomberg

Lead image: Solar rooftop via Shutterstock

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

CA Wine Industry's 2015 Solar Update- WEBINAR

Proceeds from event registration will go to the CA Sustainable Win...

SMA More Power, More Profit Tour - Duluth

SMA’s More Power, More Profit Tour is aimed to provide highly-valu...

COMPANY BLOGS

Can We Just Allow Florida To Be The Sunshine State?

We attended Solar Power Southeast, a regional solar show put on by&...

The Outlook for Midwest Solar

Our whirlwind solar conference tour continues! Yesterday we touched down...

Well, Hello There Southeast — We Are Excited To Be Here

We’ve traveled 651 miles into the heart of the Deep South to atten...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS