New solar energy system installed in the US ever 2.5 minutes

January 15, 2015 0 By Alicia Moore

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 traditional energy.

Solar power is gaining momentum throughout the country

According to the report from GTM Research, a solar energy system is successfully installed in the United States every 2.5 minutes. Ten years ago, a new system was installed in the U.S. every two hours, on average. In 2013, a new solar power system was installed in the country every 4 minutes, on average. The majority of these systems were installed in the residential sector, where the demand for alternatives to conventional forms of energy have been quite high.

Residential sector remains a promising market for solar power

Solar Energy - Installation of solar panels on roofIn 2014, the number of new solar energy systems installed was four times higher than the number of these systems that were installed in 2011. The rate at which new energy systems are installed is expected to accelerate in 2015 and 2016, as new incentives become available and the demand for renewable energy continues to rise. The residential sector is expected to remain the primary market for solar power, though large-scale utility projects are also expected to emerge in the coming years.

Government support to help solar power’s continued growth

Solar power has managed to gain strong support in the United States because of its economy and environmental prospects. The country believes that solar energy can help it accomplish its emissions reduction goals and lower its reliance on fossil-fuels, thus reduce the costs it sees in purchasing oil from foreign countries. With strong support from the federal government, solar energy is likely to become one of the leading forms of power in the United States in the coming decades.

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CategoryHydrogen news Solar Energy United States
Tagsgtm research residential solar energy solar energy solar energy installations solar energy news solar energy systems solar power United States us solar energy us solar power

About The Author

Alicia Moore's dedication to sustainable energy products goes beyond her writing. She actively seeks out new ways to live more sustainably, and encourages others to do the same. Her commitment to eco-friendly living is evident in her daily life, and she is always looking for ways to reduce her impact on the environment. What sets Alicia apart as a writer is her ability to communicate complex topics in a way that is accessible to everyone. Her passion for renewable energy is contagious, and her writing inspires readers to consider the ways in which they can make a positive impact on the planet. Ultimately, Alicia's work is driven by a desire to create a more sustainable and equitable world, and her writing serves as a powerful tool for achieving this goal.