Fifty Two Percent Annual Growth of US Solar PV Capacity Possible

With the renewal of the federal investment tax credit (ITC) for solar energy projects and within the framework of the current economic climate, EuPD Research surveyed the solar photovoltaics (PV) industry about their expectations for the solar PV market.

The results of this survey, according to EuPD show that companies in the industry anticipate that there will be growth in newly installed capacity in the United States from 200 megawatts (MW) in 2007 to 1840 MW in 2012. The companies also said that there will be a cumulative total installed capacity increase from 636 MW in 2007 to 5182.1 MW in 2012, or an average of 52% growth per year over the next five years.

This finding will be among those examined during a teleconference EuPD will hold on Tuesday, November 25th. The teleconference, “American Solar Boom?: Cutting through the Hype”, will focus on the development of market segments, including the utility segment, prices and price development, industry growth and market drivers, barriers and outlook.

For more information about the study and the teleconference, click here.

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