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.

Read more solar energy news

Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Power Industry Wire News

The Surfrider Foundation Celebrates California's Plastic Bag Ban

The Surfrider Foundation Celebrates California's Plastic Bag Ban

Vectren Corp. Closes Sale of Its Wholly Owned Coal Mining Subsidiary, Vectren Fuels

Vectren Corp. Closes Sale of Its Wholly Owned Coal Mining Subsidiary, Vectren Fuels

Hawaii Energy Offers State's First-Ever Energy Efficiency Auction

Hawaii Energy Offers State's First-Ever Energy Efficiency Auction

Virtu Investments' Third Apartment Fund Oversubscribed at $48 Million

Virtu Investments' Third Apartment Fund Oversubscribed at $48 Million

Top Industrial Market News Stories for the Fourth Week of August 2014, an Industrial Info News Alert

Top Industrial Market News Stories for the Fourth Week of August 2014, an Industrial In...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>