A Solar Installation Was Being Completed Every Four Minutes in America by sadmin

Posted on Wednesday, September 14th, 2016

In 2013, we reported that a solar installation was being completed every four minutes in America. Installation volumes have increased considerably since then.

According to new data from GTM Research, the U.S. solar industry completed a project every two and a half minutes in 2014. Those installations were a result of $15 billion in investment.

The growth was led by the residential sector, where 200,000 systems were affixed to rooftops around the country. That’s up from 50,000 residential systems in 2011 — fourfold growth in the span of three years.

“Residential solar is the fastest-growing — and potentially the most transformative — sector of the solar market,” said Shayle Kann, senior VP of GTM Research.

solarsystemevery2minutes_580_329President Obama mentioned GTM Research’s statistic in his State of the Union address last year.

“It’s not just oil and natural gas production that’s booming; we’re becoming a global leader in solar, too. Every four minutes, another American home or business goes solar; every panel [is] pounded into place by a worker whose job can’t be outsourced,” said the president.

By the time President Obama mentioned the number, it had already fallen to a system being installed every three and a half minutes.

At the current pace, the U.S. will likely hit 900,000 cumulative installations across all sectors this year, and well over 1 million in 2016.

Ten years ago, a system was going up every two hours on average. By next year, the American solar industry could be completing an installation nearly every minute.

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