Tag Archives: U.S. solar market

6 simple facts about solar power

By Laura King-Holman, The Wire, OPPD Blog

Solar energy is a hot topic. It seems you can’t escape the topic in the news and on social media. OPPD is also taking steps to pursue a community solar project of its own. But what does “solar” mean? Here are some facts and history of solar energy from the U.S. Department of Energy. Continue here.

Photo Courtesy of Troy Schaben, Assistant Fremont City Administrator of Utilities:  Fremont’s First Community Solar Farm

ADDITIONAL RECOMMENDED READING

Solar on businesses, government buildings and schools, [or aggregated into a community-solar program] can save utilities and consumers money on other distribution infrastructure costs. For example, expensive utility transformers can get overloaded on hot summer days when people are using more energy to cool their homes. Solar can reduce strain on the system on these days, which extends the life of utility equipment and creates savings for everyone.

Additional widely-recognized benefits of solar: avoided fuel hedging costs created by volatile fossil fuels like natural gas, avoided electricity losses from power plants that are located far away from cities, and avoiding the need to build new expensive natural gas plants.

SEIA News Release: US Solar Market Set to Grow 119% in 2016, Installations to Reach 16 GW

BOSTON, MASSACHUSETTS and WASHINGTON, D.C. – The U.S. solar market is set to grow a staggering 119 percent this year says GTM Research in its latest U.S. Solar Market Insight Report 2015 Year in Review, published in conjunction with the Solar Energy Industries Association (SEIA).
SEIA chart

Led by the utility-scale segment, GTM Research forecasts 16 gigawatts (GW) of solar will be installed in the U.S. in 2016, more than doubling the record-breaking 7.3 GW installed in 2015.

While utility-scale installations will represent 74 percent of the installations for the year, the residential and commercial markets will also experience strong growth in 2016. In fact, the U.S. is on the verge of the 1 millionth solar installation milestone.

“This is a new energy paradigm and the solar industry officially has a seat at the table with the largest energy producers,” said SEIA president and CEO Rhone Resch. “Because of the strong demand for solar energy nationwide, and smart public policies like the ITC and NEM, hundreds of thousands of well-paying solar jobs will be added in the next few years benefiting both America’s economy and the environment.”

Click here to read the entire News Release.