NewEnergyNews More: The Solar Numbers

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  • Monday, July 25, 2016

    The Solar Numbers

    How Popular Is Home Solar Energy? Number of systems and megawatts

    Cassandra Sweet and Jess Kuronen, July 29, 2016 (Wall Street Journal)

    “…[The U.S. installed 1,665 MW of solar PV in Q1 2016 to reach 29.3 GW of total installed capacity, enough to power 5.7 million American homes. With more than 1 million individual solar installations nationwide, the industry is on pace to nearly double in size in 2016. The residential solar market remained strong, with a fourth consecutive quarter with more than 500 MW of capacity brought online] …Falling equipment prices and competition among installers have driven the average price of a home solar system down 10.6% over the past year to $3.21 per watt, or $16,050 for a five-kilowatt solar array…[GTM Research forecasts that 14.5 GW of new PV installations will come on-line in 2016, up 94% over 2015. Utility PV is expected to drive the majority of demand, accounting for nearly three-fourths of new capacity]…” click here for more

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