Solar Boom Takes 2016 by Storm, More Brewing on the Horizon

Posted in Clean Electric, Solar

2016 has already been an enormous year for the solar industry. In the first quarter of 2016 the U.S. has installed 1.665 gigawatts (GW) of Solar — a 25% increase from the first quarter of 2015 — and is on track to seeing a 94% increase in installed solar capacity in the U.S. from 2015, with 64% of new energy generating capacity in the U.S. to coming from solar. For reference of scale, the average Vermont household requires about 12 kW of installed solar to offset their consumption, so the amount of solar installed in the first quarter would be enough to offset approximately 140,000 average Vermont homes. While the amount of domestic solar installed will have nearly doubled by the end of the year, this is comparatively small when compared to the solar behemoth emerging in China. China has reported that they’ve installed over 20 gigawatts in the first half of 2016, already beating their government mandated quota of 18.1 GW to be installed this year.
 
Read more here:
 
http://www.seia.org/research-resources/us-solar-market-insight
 
http://www.fool.com/investing/2016/08/01/last-week-in-solar-5.aspx

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