The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Solar Industry Experiences Record-Breaking Growth
By Tom Kimbis, Solar Energy Industries Association
It seems like clockwork at this point. With each new Solar Market Insight (SMI) report, the solar industry sees more historic growth and this new report from GTM Research and the Solar Energy Industries Association (SEIA) is no different.
An array of solar panels supplies energy for necessities at Marine Corps Air Ground Combat Center Twentynine Palms, Calif.U.S. Marine Corps Pfc. Jeremiah Handeland
The solar industry installed 2,051 megawatts of PV in Q2 2016, bringing the total nationwide capacity to 31.6 gigawatts (see Figure 1.1 below) and making this quarter the best non-quarter 4 ever for the industry. There is now enough solar installed to power more than 6.2 million U.S. homes and reduce carbon emissions by 37 million metric tons each year.
A new solar installation was completed every 82 seconds in the first half of 2016, equaling more than 1,000 installs every day. This frequency is what will take the current total of 1.1 million solar systems, which took 40 years to reach, to 2 million systems by 2018.
The outlook for the rest of 2016 is just as eye-opening. The industry expects to add 13.9 GW of new capacity, which would be an 85 percent growth rate over 2015, solar's largest year ever. The U.S added 4 GW of capacity in the first half of 2016, but the industry will add nearly 10 GW in the final six months, which is 34 percent more than was installed in all of 2015, a record year.
The industry is growing faster than ever and here is what else we saw in this SMI report:
- Solar prices fell across all market segments, with declines ranging from 2-7 percent (see Figure 2.3).
- As a whole, the price of solar is 18 percent lower than it was one year ago and 63 percent lower than it was 5 years ago.
- Solar represented 26 percent of all new electric generating capacity brought online in the first half of 2016.
- There are now 1,162,000 individual solar systems installed in the U.S., including more than a million residential systems.
- The utility-scale sector installed more than 1 GW for the third consecutive quarter and will install nearly 10 GW by the end of this year.
- Thanks to strong growth by non-traditional markets like Texas and Utah, the residential sector experienced another record quarter, installing 650 MW.
The Q3 Solar Market Insight Report provides a clear vision of where the solar industry stands today and where we're headed in the future. By 2021, the industry is projected to nearly quadruple, while more than doubling its employment numbers and generating billions in investment. The state of solar is strong and the potential for future growth is even more encouraging.
EcoWatch Daily Newsletter
By Elizabeth Henderson
Farmworkers, farmers and their organizations around the country have been singing the same tune for years on the urgent need for immigration reform. That harmony turns to discord as soon as you get down to details on how to get it done, what to include and what compromises you are willing to make. Case in point: the Farm Workforce Modernization Act (H.R. 5038), which passed in the House of Representatives on Dec. 11, 2019, by a vote of 260-165. The Senate received the bill the next day and referred it to the Committee on the Judiciary, where it remains. Two hundred and fifty agriculture and labor groups signed on to the United Farm Workers' (UFW) call for support for H.R. 5038. UFW President Arturo Rodriguez rejoiced:
By Julia Conley
A council representing more than 800,000 doctors across the U.S. signed a letter Friday imploring President Donald Trump to reverse his call for businesses to reopen by April 12, warning that the president's flouting of the guidance of public health experts could jeopardize the health of millions of Americans and throw hospitals into even more chaos as they fight the coronavirus pandemic.
By Melissa Kravitz Hoeffner
Over six gallons of water are required to produce one gallon of wine. "Irrigation, sprays, and frost protection all [used in winemaking] require a lot of water," explained winemaker and sommelier Keith Wallace, who's also a professor and the founder of the Wine School of Philadelphia, the largest independent wine school in the U.S. And water waste is just the start of the climate-ruining inefficiencies commonplace in the wine industry. Sustainably speaking, climate change could be problematic for your favorite glass of wine.
By Jeff Turrentine
From day to day, our public health infrastructure — the people and systems we've put in place to keep populations, as opposed to individuals, healthy — largely goes unnoticed. That's because when it's working well, its success takes the form of utter normalcy.