According to the Solar Energy Industries Association (SEIA), the U.S. solar market saw a 30% increase in new solar photovoltaic (PV) installations last year, from 4,776 megawatts (MW) in 2013 to 6,201 MWs in 2014.
“Without question, the solar Investment Tax Credit (ITC) has helped to fuel our industry’s remarkable growth. Today the U.S. solar industry has more employees than tech giants Google, Apple, Facebook and Twitter combined,” said Rhone Resch, SEIA president and CEO. “Since the ITC was passed in 2006, more than 150,000 solar jobs have been created in America, and $66 billion has been invested in solar installations nationwide. We now have 20 gigawatts (GW) of installed solar capacity – enough to power 4 million U.S. homes – and we’re helping to reduce harmful carbon emissions by 20 million metric tons a year. By any measurement, the ITC has been a huge success for both our economy and environment.”
For more details from SEIA’s U.S. Solar Market Insight 2014 Year In Review report, visit SEIA’s website at seia.org/research-resources/us-solar-market-insight.
Tags: solar energy, solar panels