Solar energy industry employs more than Apple, Google, and Facebook combined

Solar Energy Industry - Jobs

The solar energy industry is experiencing unprecedented growth The use of solar power throughout the world has accelerated over the past few years. This has led to impressive growth in the solar energy industry. The past nine years has seen a 30-fold increase in photovoltaic sales and now the industry employs a staggering amount of people. According to a new report from GTM Research, the annual global demand for photovoltaic products grew by more than 50% last year. This has contributed to a decline in cost of these products, making…

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Solar energy reaches new heights in 2016

Solar Energy Reaches New Milestone

The solar energy industry nearly doubled in size last year In 2016, solar energy in the United States grew at an unprecedented rate. A new report from GTM Research and the Solar Energy Industries Association shows that solar installations doubled last year over what they had been in 2015. The report notes that solar energy accounted for 39% of all new energy generation capacity in the United States last year, breaking previous records and establishing solar as the leading form of clean power in the country. The economics of solar…

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Solar energy industry reaches a new milestone in the United States

Solar installations hit a new record in the third quarter The third quarter of this year was one of the best that the solar energy industry in the United States has ever seen. GTM Research and the Solar Energy Industries Association have released a new report predicting that 2016 could end up being a record breaking year for the solar sector. Notably, 2016 solar capacity could beat the number of solar installations that were reported last year, further aiding the United States in reducing its reliance on fossil-fuels. 4,143 MW…

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Solar energy beats natural gas in the US in 2015

Report shows that installed solar capacity grew faster than natural gas last year Last year, more solar energy systems were installed in the United States than natural gas power plants, according to a new report from the Solar Energy Industry Association and GTM Research. This marks the first time that solar power surpassed natural gas in terms of new installed capacity. The report shows that solar accounted for 29.5% of all new energy sources built in the country in 2015, showing that the solar sector continues to thrive throughout the…

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Solar energy industry is growing in the US

Report highlights the growth that the solar industry has been seeing The Solar Energy Industries Association and GTM Research have released a report concerning the state of solar energy in the United States. The solar industry in the country is beginning to grow aggressively, with homeowners and businesses showing a great deal of support for this form of clean energy. The growth of the industry has had an economic impact as well, with new projects creating new jobs and reducing the cost of energy overall. Solar generation has reached a…

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Solar energy is growing quickly in the US

Installed solar capacity is on the rise throughout the United States The solar energy sector in the United States is beginning to gain significant momentum, largely due to advances being made in clean technology. In 2008, the U.S. had approximately 1.183 gigawatts of installed solar energy capacity. Now, however, the country has more than 21 gigawatts of installed capacity, which is enough to power more than 4 million homes. Advances in photovoltaic technology have contributed heavily to the growth of the solar energy sector. Homeowners are showing aggressive support for…

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Solar energy sector to reach $803 million by 2020 in the US

Study highlights the growth of solar power in the United States GTM Research has released a new study, which was produced with the aid of SoliChamba Consulting, that predicts the growth of the photovoltaic sector in the United States. The country has become quite fond of solar energy, which is becoming a larger focus for utilities throughout the U.S. as an alternative to fossil-fuels. Solar projects are becoming more common and the value of the photovoltaic sector is on the rise, which is expected to have a significant economic impact.…

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Fund launched to help build commercial solar energy projects

SolarCity to use new fund to aid in the financing of solar energy projects SolarCity, one of the world’s leading solar energy developers, has received access to a fund exceeding $1 billion. This funding will be used by the company to develop new commercial-scale solar energy systems, as well as battery storage systems. Much of the fund is comprised of money provided by Credit Suisse. The growing demand for solar energy systems has presented SolarCity with promising opportunities. The fund is expected to help the company take advantage of these…

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New solar energy system installed in the US ever 2.5 minutes

Report notes that a new solar power system is installed in the US every 2.5 minutes on average GTM Research has released a new report concerning the growth of solar energy in the country. Solar power has been growing quickly in the country over the past few years, powered by investments being made by the private and public sectors. Within the residential sector, solar power has been growing particularly quick, thanks to incentives being offered by state governments that want to reduce the consumption of fossil-fuels and other forms of…

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Report highlights growth of US solar energy sector

New report shows that solar power continues to see strong growth in the US through the first half of the year GTM Research and the Solar Energy Industries Association have released a new report concerning the state of the U.S. solar energy industry. The country’s solar sector has been experiencing strong growth recently, largely due to government support and the innovative financing options being offered by companies that specialize in solar power. Though the country was involved in trade disputes recently, these disputes have now slowed the progress of solar…

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China to double production of solar energy systems by 2017

China continues to lead the world in solar panel manufacture In 2013, China established a new world record in terms of installed solar energy capacity. It was the first time that the country had lead the world in solar power installations and the manufacture of photovoltaic products, but China is not satisfied with its accomplishments in the clean energy field. While the country currently accounts for a staggering 64% of global solar panel production, it is looking to find more success in this field in the coming years. GTM Research…

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China to double production of solar energy systems by 2017

China continues to lead the world in solar panel manufacture In 2013, China established a new world record in terms of installed solar energy capacity. It was the first time that the country had lead the world in solar power installations and the manufacture of photovoltaic products, but China is not satisfied with its accomplishments in the clean energy field. While the country currently accounts for a staggering 64% of global solar panel production, it is looking to find more success in this field in the coming years. GTM Research…

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Solar energy reaches a major milestone in the US

10GW of solar energy capacity reached Solar energy in the U.S. set a new record during the third quarter of 2013. According to data from GTM Research and the Solar Energy Industries Association, solar capacity in the U.S. reached the 10 gigawatt milestone. The growth of the U.S. solar sector may be on track to outpace that of Germany. For the past few years, Germany has been considered the leading power when it comes to solar energy, but the U.S. has been growing more aggressive on solar power over the…

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Report highlights growing costs associated with solar energy

Solar energy technologies could become costlier in 2014 GTM Research, a leading market research firm, has released its “Global PV Pricing Outlook 2014” report. The report highlights the trends that are emerging in the global solar energy market, noting that prices for photovoltaic modules are likely to increase in 2014. The cost of solar energy has been on the decline in recent years, largely due to the inundation of new and low-cost photovoltaic modules into the global market. The gratuity of supply and the affordability of photovoltaic modules boosted the…

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Solar energy growth highlighted by new report

Solar Energy Report

Report details growth of US solar energy GTM Research, a leading market research firm, and the Solar Energy Industries Association, a solar energy trade group, have released a new report concerning the growth of the solar energy industry in the U.S. The report, titled “The U.S. Solar Market Insight Report: Year in Review,” highlights the strong growth that the U.S. market has seen throughout 2012. Much of this growth is backed by the efforts of state government, which have shown a strong interest in supporting and adoption renewable energy in…

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Solar energy reaches major milestone in New Mexico

New Mexico Solar Energy

Economic prospects of solar energy may be on display in the US Though solar energy has become popular in the U.S., its widespread adoption has been stymied by the issue of cost. Photovoltaic solar panels have, in the past, been expensive pieces of technology. The cost of these energy systems has been falling rapidly however, due to advances in technology and a massive abundance of supply throughout the world. With the cost of solar energy technology plummeting, this form of alternative energy is becoming much more viable than it had…

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