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| Wed, 18th Mar 2020 16:40:00 |
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Solar Accounted For 40% Of New US Electricity Generation Capacity In 2019 |
A new report by the Solar Energy Industries Association says solar energy installations added 13.3 gigawatts to the supply of electricity in the US in 2019 — 40% of the total. "Even as tariffs have slowed our growth, we've always said that the solar industry is resilient, and this report demonstrates that," says Abigail Ross Hopper, CEO of SEIA. The report was prepared in conjunction with Wood Mackenzie.
Other key findings of the report include:
In 2019, the US solar market installed 13.3 GW of solar PV, a 23% increase from 2018.
Cumulative operating PV capacity in the US now exceeds 76 GW, up from just 1 GW at the end of 2009.
The US saw record-setting residential solar capacity added in 2019 with more than 2.8 GW installed.
The contracted utility PV pipeline grew to a record high of 48.1 GW in 2019.
Community solar continues to expand its geographic diversification, with the sub-segment seeing its third consecutive year of more than 500 MW installed.
Over the next 5 years, total installed US PV capacity is expected to more than double, with annual installations projected to reach 20.4 GW in 2021 prior to the expiration of the federal solar Investment Tax Credit for residential systems and a drop to 10% for commercial and utility-scale customers.
Read original full article
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