Abraham Paiss & Associates, Inc.

U.S. Solar PV Market Increases 41% in 2013

2013 was another record year for the U.S. solar industry. According to data  from the Solar Energy Industries Association (SEIA) Research Report, “U.S. Solar Market Insight: 2013 Year in Review,” 4,751 MW of new photovoltaic (PV) capacity was installed in 2013, representing a 41 percent increase in installation levels over deployment in 2012. Solar accounted for 29 percent of all new electricity generation capacity added in 2013, up from 10 percent in 2012.

Solar is the second largest source of new electricity generating capacity behind natural gas. The record year was driven in part by historical growth in the fourth quarter of 2013, as 2,106 MW came online in Q4 alone.

Installations Continue to Boom

  • There is now enough solar PV to power more than 2.2 million average American homes with over 13,000 MW of cumulative solar electric capacity operating in the U.S.
  • During 2013, there were 140,000 new solar installations in the U.S., bringing the total to over 445,000 PV systems operating today.
  • The utility market continues to lead with new systems of 2,847 MW of PV and 410 MW of Concentrating Solar Power (CSP) installed in 2013.

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