Solarbuzz predicts U.S. solar market could grow tenfold by 2014

Facebook
Twitter
LinkedIn
Reddit
Email

Solarbuzz's latest report, “United States PV Market 2010,” reveals that the U.S. solar market grew 36% in 2009, responding positively to the economic downfall. These results rank the country's solar photovoltaic market third largest in the world, behind Germany and Italy.

“2009 marked a year of transformation for the U.S. solar market,” said Craig Stevens, president of Solarbuzz. “Changes in the roles of utility companies, new market entrants, lower cost PV modules from Asia and new direct-to-market approaches became more prevalent. As a result, solar companies doing business in the States will need to adapt quickly to these challenges while also being responsive to frequent adjustments in the fragmented incentive and regulatory environment.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

California is still driving the solar power market in the U.S., accounting for 53% of on-grid installations in 2009 and maintaining this position into 2010. While SunPower remained leader for PV installed, Chevron Energy and SPG Solar moved up to the number position in California in 2009. Installers REC Solar, SolarCity and Real Goods Solar led the residential field.

The large number of state policy initiatives has created a fragmented regulations and incentive environment. However, states are doing their job of stimulating local markets. The dispersed funding sources mean the U.S. market does not does not carry the same level of risk compared to countries driven by a single national policy. Federal incentives are therefore due to play a much larger role in stimulating demand into 2012. Solarbuzz forecasts the market will grow to between 4.5-5.5GW depending on this given scenario. This is an average annual growth rate of 30% per annum.

The U.S. order book for photovoltaic systems currently stands at 12GW.

Read Next

Premium
July 24, 2024
Policies in the EU and US to impose a carbon price on imported materials and goods will inevitably hit solar manufacturers.
July 24, 2024
The power purchase agreement consists of a portfolio of six solar PV projects located in the Italian regions of Lazio and Emilia Romagna.
July 24, 2024
A roundup of two agrivoltaics projects from different sides of the world, from US PV developer Avangrid and Lodestone Energy in New Zealand.
July 24, 2024
In Q2 2024, Enphase Energy shipped 574,000 microinverters from its US facilities, which benefit from the 45X production tax credits.
July 24, 2024
AEMO has granted BrightNight approval to connect its Mortlake Energy Hub, which includes solar and storage facilities, to the Victoria grid.
Sponsored
July 24, 2024
Sungrow's Lei Wang discusses the company's floating solar activities and opportunities for PV to go offshore.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA