David Kirkpatrick

February 8, 2010

U.S. solar market about to explode

As solar technology continues to improve and costs continue to go down, predicting solar power in the United States is on the edge of a major boom is an easy call to make. A few of the major barriers to more widespread solar installations — particularly the efficiency of the solar panels and the physical difficulty of getting the panels installed and operating — are not the impediment they were just a couple of years ago.

From the first link:

In a few years, the United States is likely to be the world’s largest market for solar power, eclipsing Germany, which has taken the lead as a result of strong government incentives in spite of the relative paucity of sunlight in that country. A number of factors could make growth possible in the United States–especially changes in legislation that give utilities incentives to create large solar farms.

Last year, the U.S. solar industry got off to a slow start, but sales rebounded in the second half of the year, largely because of a drop in the prices of solar panels of up to 40 percent, partly caused by an oversupply due to the recession. Revenues for many solar companies were likely flat, but the megawatts of solar installed in the United States overall grew by 25 to 40 percent last year, says Roger Efird, the chairman of the Solar Energy Industry Association and the managing director of Suntech America, a branch of Suntech Power, the largest maker of crystalline silicon solar panels in the world.

This year, Efird says, solar installations could double, reaching a gigawatt of capacity. “That’s a big number,” he says. “If you are in the solar business, you were talking watts 15 years ago, you were talking kilowatts 10 years ago, and you have trouble even talking megawatts today.”

1 Comment »

  1. I totally agree with you.Solar will be going to explode near futur. China and India already plan to have solar power in Giga watt. China has finalized 690 Giga Watt of power by 2020 and India will have 20 Giga watt of power by 2020.We(Steca Bergen) have allready planned to increase of manufacturing capability of Solar Charge Controller and Inverters to meet the future demands of market. Wish to have good business ahead. I will wait for your reply.

    Cheers

    Comment by Prashant — February 8, 2010 @ 11:52 pm


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