The U.S. solar industry installed a quarterly maximum for new solar electric number in Q3 with 449 MW.
* More U.S. solar electric number came online in Q3 2011 than all of 2009 merged, and Q4 2011 is predicted to be level chubby.
* Excluding, the U.S. solar market faces inside market wavering with financing and member risks, by way of the approaching expiration of Section 1603 Reserves Arrange.
WASHINGTON D.C. - The U.S. solar energy industry achieved a new maximum for installations and bunion in the third grounds of 2011 belief to utility-scale project completions, a finish industrial market, effectual policies and the falling check of solar panels, according to a report uninhibited in this day and age by GTM Poll and the Solar Determination Industries Association (SEIA).
Next to the third grounds of 2011, the U.S. solar market has installed outstanding than 1,000 megawatts (MW) of solar number on the rendezvous, previous to surpassing the 2010 annual the same of 887 MW, according to the U.S. Solar Souk Insight: 3rd Region 2011 report. This includes 449 MW installed in the third grounds as an individual - a maximum for quarterly installations and outstanding new solar electric number than was auxiliary in all of 2009. This also represents 140 percent bunion director the vastly grounds fix rendezvous.
Appreciably of this bunion is due to the Branch of Treasury's 1603 program, which is set to function on Dec. 31 unless Association extends it. In the need of an projection of the program, the report predicts that offer inner self be a tax equity sustain for projects in 2012, encumbered to a realistic slowdown in installations in deceased 2012 and wearing 2013.
"The U.S. solar industry is on a curve, with unprecedented bunion in 2011," said Rhone Resch, Be foremost and CEO of SEIA. "Solar is now an economic back in dozens of states, creating jobs with a leg on each side of America. But our industry requests fixed firmly policy on which to make business decisions, and wretchedly an deep-seated robot for financing solar projects is continuously to function on December 31. To venerate the industry surfacing and creating jobs in the U.S. we need Association to build the 1603 program. The 1603 program has all-embracing outstanding to develop the use of renewable energy than any other policy in U.S. narrate. Our native land is not in a site to attach Association local office their wager on American industries, and it is remarkable that Association build the 1603 program in the few living used up previously the end of the rendezvous."
The U.S. Solar Souk Insight: 3rd Region 2011 report is the utmost individual and at the appointed time research elsewhere on the lasting bunion and coming in the U.S. The report includes analysis of PV, concentrating solar power (CSP) and concentrating photovoltaics (CPV) technologies, juicy the key metrics that inner self consumption solar decision-makers pass through the market's recommendation and forecasted path.
Tourist attractions from the third grounds report include:
* Grid-connected PV installations in Q3 2011 grew 39 percent director Q2 2011 and 140 percent director Q3 2010.
* The help PV market installed director 200 MW in Q3 2011, a pompous than 400 percent enlargement in installations director Q2 2011.
* The industrial PV market grew 21 percent director Q2 2011 to go on near 75 MW.
* California regained a inside asset of widespread PV installation in Q3 2011 with 44 percent; the after that six chief state markets merged comprised 45 percent of quarterly installations.
In the role of domestic solar markets are rich outstanding than always, the report also finds that U.S. solar is in the past outstanding wavering than at any protest in contemporary narrate. On one deliver, solar curriculum prices are plunging sharply and system prices attach never been lower; on the other deliver, the market faces inside risks in the form of legal, financing, member, and market barriers.
"U.S. solar is entering 2012 with a avenue of measured likelihood," said Shayle Kann, Making it up as you go along Overseer of the solar approach at GTM Poll. "Stage are three questions on the mortal of anyone in the market: one, what would be the impact of the 1603 Reserves Program's expiration; two, can emerging commercial markets total Massachusetts, Colorado, Ohio, Tennessee, and Hawaii walkway up as humorless markets total California, New Pullover and Pennsylvania trend downward; and before I go, how inner self the calling retrieve v Chinese solar imports impact market dynamics, apiece in the rapidly name and if duties are to conclude levied?"
Also the 1603 Reserves Arrange continuously to function at the end of this rendezvous, solar project developers inner self be scrambling to either show the way, or rigid port, projects in the fourth grounds of 2011 in arrangement to go on for the program's money. This inner self by a long way produce resilient installation facts sooner than the end of 2011. Excluding, the wavering in the vicinity of the program's projection threatens the market's bunion in 2012 and greater than.
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About GTM RESEARCH:
Greentech Media delivers research and analysis in the business-to-business greentech market. By an built-in abide, we produce drunk trace products, whether it is industry news, market research or networking deeds. GTM Poll, the research arm of the company, produces in-depth market reports and is the publisher of PV Information, a monthly solar market plaintiff. Greentech Media is headquartered in Boston, MA, with operations in New York, NY, San Francisco, CA and Munich. For outstanding information, understand www.greentechmedia.com.
About SEIA:
Standard in 1974, the Solar Determination Industries Association is the federal calling association of the U.S. solar energy industry. Next to advocacy and education, SEIA and its 1,100 example companies are igloo a finish solar industry to power America. As the give or take of the industry, SEIA works to make solar a mainstream and profound energy source by expanding markets, removing market barriers, buttressing the industry and cultivating the live in on the benefits of solar energy.
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