John Hennessy III,
P.E.
GREENTECH MEDIA RESEARCH
For the U.S. solar energy industry, 2011 was a historic year. On the positive side, the market for solar installations continued to boom, as the U.S. installed 1,855 megawatts (MW) of photovoltaic (PV) solar systems, representing 109% growth over 2010. The fourth quarter of 2011 saw 776 MW of PV installed, by far the most of any quarter in U.S. market history (473 MW was the previous record, set in the third quarter of 2011).
CROSSCURRENTS
Solar energy is the most widely available resource we have. Every hour, enough solar energy strikes Earth to meet human energy needs for more than a year, according to NASA. Now the solar industry is poised for huge growth in the United States, thanks to policy changes, incentives, technological improvements and economies of scale. Solar photovoltaics have recently become less expensive than nuclear energy on a per-kilowatt-hour basis, according to a new report from Duke University. Also, solar is widely expected to reach cost parity with fossil fuels in most markets by 2013.
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