By Fredrica Syren:
According to a new report by GTM Research and the Solar Energy Industries Association (SEIA), where they analyzed U.S. solar market performance across 28 states and the District of Columbia, 2013 will go down as the record successful year for the U.S. solar industry. Solar is now the second largest source of new U.S. electrical capacity, trailing only natural gas.
Growth is greatest in residential solar power. According to SEIA, the strong growth is due to a couple of factors such as favorable legislation and regulation, and new solar deployment initiatives in Minnesota, Georgia, Massachusetts and New York State. But the main reason residential solar is on the increase is affordable installation prices. There has been a nearly 40 percent decrease in photovoltaic (PV) prices in the past two years.
Since 2012, 43 percent more residents in the U.S. have installed solar panels, therefore joining Germany, China and Japan as worldwide leaders in new solar capacity. For the first time in more than 15 years, the U.S. actually might be ahead of the world’s solar leader, Germany