U.S. installs more than 3,300 MW of solar PV in 2012

U.S. photovoltaic installations in 2012 increased 76 percent over 2011 numbers to 3,313 MW, with an estimated market value of $11.5 billion, according to GTM Research and the Solar Energy Industries Association (SEIA)’s “U.S. Solar Market Insight 2012 Year In Review.”

Cumulative PV capacity operating at the end of 2012 was 7,221 MW. The U.S. accounted for 11 percent of all global PV installations in 2012. The report predicts the U.S. PV market will grow 30 percent in 2013 with 4.3 GW of new PV installations anticipated during 2013 across all market segments.

Installed prices dropped 27 percent last year and at least 13 percent in each market segment (residential, non-residential and utility).

California led the U.S. in 2011 and 2012 with 1,033 PV installations in 2012, compared to 577 in 2011. Arizona moved up one spot this year to No. 2 with 710 installations in 2012. New Jersey dropped from second in 2011 to third last year with 415 installations in 2012, Nevada jumped from tenth to fourth with 198 installations and North Carolina rounded out the top five with 132 installations.

To purchase the full report, click here.

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