U.S. solar energy market continues to grow, also most stable in the world
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According to a new report released by SEIA/GTM, the U.S. solar energy market has been on a continual rise over the past few years causing the industry to grow an exponential 66% from 2009-2010.
The report also outlines that the United States is currently the most stable PV market in the world. However, the hindering effects of diminishing incentives throughout the country undermine all these statements. We are 100% at the mercy of the utility companies and state governments, which in turn causes the renewable market to grow gradually.
The U.S. still trails, by a long-shot, to markets like Germany, Italy, and Spain. As the world leader in solar energy, Germany had installed a staggering 17,193MW at the end of 2010 compared to the U.S. with just 956MW while only having 1/3 of the solar irradiance that the U.S. has.
Without more support from government groups both federal and state, the U.S. PV market won’t have the same opportunities as our other renewable energy supported countries. Currently rebates and incentives are essential to our business, but as costs continually lower, the PV market is coming closer and closer to grid parity everyday.