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Entries in SEIA (169)

Tuesday
Mar102015

SEIA - U.S. Installs 6.2 GW of Solar PV in 2014, Up 30% Over 2013 

BOSTON, MA and WASHINGTON, DC - Applauding a record-breaking year, GTM Research and the Solar Energy Industries Association (SEIA) today released the U.S. Solar Market Insight 2014 Year in Review  report, the definitive source of installation data, forecasting and policy analysis for the U.S. solar market. Newly installed solar photovoltaic (PV) capacity for year reached a record 6,201 megawatts[i] (MW), growing 30 percent over 2013’s total. An additional 767 MW of concentrating solar power (CSP) came on-line in the same period.

Solar accounted for 32 percent of the nation’s new generating capacity in 2014, beating out both wind energy and coal for the second year in a row. Only natural gas constituted a greater share of new generating capacity.

In 2014, for the first time in history, each of the three major U.S. market segments – utility, commercial and residential – installed more than a gigawatt (GW) of PV. 

The U.S. utility-scale segment broke the GW mark in 2011 and has since grown by nearly 1 GW annually.  In 2014, 3.9 GW of utility-scale PV projects came on-line with another 14 GW of projects currently under contract.

The commercial segment in the U.S. also first installed more than 1 GW in 2011 but has not shared the same success as the utility-scale segment. In 2014, the commercial segment installed just over 1 GW, down 6 percent from 2013. The report notes, “Many factors have contributed to this trend, ranging from tight economics to difficulty financing small commercial installations.” But GTM Research expects 2015 to be a bounce-back year for the commercial segment, highlighted by a resurgence in California.

The U.S. residential segment’s 1.2 GW in 2014 marks its first time surpassing 1 GW.. Residential continues to be the fastest-growing market segment in the U.S., with 2014 marking three consecutive years of greater than 50 percent annual growth.

“Without question, the solar Investment Tax Credit (ITC) has helped to fuel our industry’s remarkable growth. Today the U.S. solar industry has more employees than tech giants Google, Apple, Facebook and Twitter combined,” said Rhone Resch, SEIA president and CEO.  “Since the ITC was passed in 2006, more than 150,000 solar jobs have been created in America, and $66 billion has been invested in solar installations nationwide.  We now have 20 gigawatts (GW) of installed solar capacity – enough to power 4 million U.S. homes – and we’re helping to reduce harmful carbon emissions by 20 million metric tons a year.  By any measurement, the ITC has been a huge success for both our economy and environment.”

GTM Research forecasts the U.S. PV market to grow 31 percent in 2015. The utility segment is expected to account for 59 percent of the forecasted 8.1 GW of PV.

"Solar PV was a $13.4 billion market in the U.S. in 2014, up from just $3 billion in 2009," said Shayle Kann, Senior Vice President at GTM Research. "And this growth should continue throughout 2015 thanks to falling solar costs, business model innovation, an attractive political and regulatory environment and increased availability of low-cost capital."

Additional key findings:

  • The U.S. installed 6,201 MW of solar PV in 2014, up 30 percent over 2013, making 2014 the largest year ever in terms of PV installations.
  • Solar provided roughly one third of all new electric generating capacity in the U.S. in 2014.
  • More than one third of all cumulative operating PV capacity in the U.S. came on-line in 2014.
  • By the end of 2014, 20 states eclipsed the 100 MW mark for cumulative operating solar PV installations, and California alone is home to 8.7 GW.
  • For the first time ever, more than half a gigawatt of residential solar installations came on line without any state incentive in 2014.
  • Growth remains driven primarily by the utility solar PV market, which installed 1.5 GW in Q4 2014, the largest quarterly total ever for any market segment. 
  • PV installations are forecast to reach 8.1 GW in 2015, up 59% over 2014.
  • 2014 was the largest year ever for concentrating solar power, with 767 MW brought on-line. Notable project completions include the 392 MW Ivanpah project. Genesis Solar project’s second phase of 125 MW and Abengoa’s Mojave Solar (250 MW), which achieved commercial operation in December 2014.
  • All solar projects completed in 2014 represent $17.8 billion in investment ($13.4 billion in PV and $4.4 billion in CSP).
  • As of the end of 2014, cumulative operating PV in the U.S. totaled 18.3 GW and cumulative operating CSP totaled 1.7 GW.

For more information, visit our website.


[i] Unless specified otherwise, all PV is reported in MW direct current (MWdc) based on array size and all CSP is reported in MW alternating current (MWac) based on power block size. For more information, see http://www.seia.org/policy/solar-technology/photovoltaic-solar-electric/whats-megawatt

 

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About U.S. Solar Market Insight

The U.S. Solar Market Insight report is the most detailed and timely research available on the continuing growth and opportunity in the U.S. The report includes deep analysis of solar markets, technologies and pricing, identifying the key metrics that will help solar decision-makers navigate the market's current and forecasted trajectory. For more information, visit www.greentechmedia.com/research/ussmi

About GTM Research:

GTM Research, a division of Greentech Media, provides critical and timely market analysis in the form of research reports, data services, advisory services and strategic consulting. GTM Research's analysis also underpins Greentech Media's webinars and live events. Our coverage spans the green energy industry including solar power, grid modernization, energy storage, energy efficiency and wind power sectors.

About SEIA®:

Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

Thursday
Feb122015

SEIA - Solar Job Growth Benefitting Economy, Environment 

WASHINGTON, D.C. – Saying it revealed “very encouraging trends,” Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), today applauded the findings of The Solar Foundation’s latest State Solar Job Census.

“Solar energy continues to be one of the fastest-growing industries in the United States,” Resch said. “The latest state-by-state breakdown of solar jobs nationwide not only shows impressive growth by our industry – but it also reveals some very encouraging trends. Big gains in employment are no longer limited to solar-friendly California and the sunny Southwest. Employment is also booming in East Coast states, including Massachusetts, New York, North Carolina and Maryland, while significantly growing in the southern states of Texas, Georgia and Florida.

“From coast to coast, solar is having a huge impact on both our economy and environment. Today, the solar industry employs nearly 175,000 Americans and pumps more than $15 billion a year into the U.S. economy – and we’re just scratching the surface of our enormous potential.”

According to SEIA/GTM Research, the U.S. has an estimated 20 gigawatts (GW) of installed solar capacity, enough to effectively power nearly 4 million homes in the United States – or every single home in a state the size of Massachusetts or New Jersey – with another 20 GW in the pipeline for 2015-16. In addition, innovative solar heating and cooling systems (SHC) are offering American consumers cost-efficient, effective options for meeting their energy needs, while lowering their utility bills.

From an environmental perspective, solar helped to offset an estimated 20 million metric tons of harmful CO2 emissions in 2014, which is the equivalent of taking four million cars off U.S. highways or saving 2.1 billion gallons of gasoline.

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About SEIA:

Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

Thursday
Jan222015

SEIA Continues to Push for Negotiated Trade Solution

WASHINGTON, DC - As expected, the U.S. International Trade Commission today upheld the imposition of tariffs against Chinese and Taiwanese solar products, as part of a 2014 investigation into allegations of unfair trade practices.  After the decision was announced, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA) released the following statement:

“Today’s decision represents a clear setback for the U.S. solar industry. Yet despite punishing tariffs, and the market uncertainty they have created, our industry has been able to persevere so far in the face of needless and counter-productive litigation.  U.S. solar manufacturing and services jobs continue to grow, while solar prices continue to fall. 

“But consider how much better, and stronger, the U.S. solar industry would be doing without hundreds of millions of dollars in added tariff costs. In all likelihood, the industry would be well ahead of its goal of installing 10 gigawatts (GW) of new solar annually. We’d also see a robust and growing U.S. polysilicon industry, shipping billions of dollars in exports and benefitting our economy. Instead, we’re now faced with U.S. polysilicon plant closures and layoffs. And through it all, SolarWorld has gained little to nothing from its short-sighted litigation. 

“There is, however, a clear path forward – one which will help SolarWorld, restore U.S. polysilicon, and boost the U.S. solar industry overall. That path involves a negotiated solution, recognizing broader industry interests. We’re not talking about an unrealistic minimum price regime or unreasonable quotas – and certainly not a two-tiered minimum pricing scheme. Rather, it’s a solution which addresses U.S.-China competitiveness concerns, directly benefits U.S. solar cell and module manufacturers and allows the broader U.S. solar industry to reach its full potential. The SEIA settlement proposal, or U.S. solar manufacturing fund concept, represents that smart path forward. It’s time to turn the focus from litigation to negotiation. We remain convinced that a fair settlement is still possible.”

 

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About SEIA:

Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

Thursday
Nov062014

SEIA Urges ‘Collaborative Approach’ to Solving Nation's Problems 

WASHINGTON, D.C.  – With widespread voter dissatisfaction evident in Tuesday’s national and state elections, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), today urged Republicans, Democrats and independents to take a more “collaborative approach” to solving many of the nation’s pressing problems:

“As a national association of leading businesses – with more than 1,000 member companies located in 48 states – we remain completely committed to finding commonsense ways to create new jobs, stimulate economic development, remove market barriers and improve our nation’s energy security.  With the elections now behind us, it’s critically important for our leaders in Washington, as well as our state capitals, to put aside their differences and work together to find real solutions that will grow our economy and put more people to work.  As one of the fastest-growing industries in America, solar is a shining example of how stable, consistent and reliable public policies – such as the solar Investment Tax Credit (ITC) and Net Energy Metering (NEM) – are paying huge dividends for our economy and environment.  As pundits analyze the results of Tuesday’s elections, here is one important mandate to remember: Polls consistently show that 9 out of 10 Americans want to see an expanded use of solar energy nationwide.  We stand ready to work with Congress, our nation’s governors and state legislatures to make that a reality.” 

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About SEIA:

Celebrating its 40th anniversary in 2014, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

Wednesday
Oct152014

SEIA - America’s Leading Companies Continue to Invest Big in Solar Energy 

America’s Leading Companies Continue to Invest Big in Solar Energy

October 15, 2014

WASHINGTON, DC - Reflective of the growing popularity and increasing growth of solar nationwide, many of America’s leading Fortune 100 companies continue to significantly ramp up their use of clean solar energy, according to the 3rd annual Solar Means Business report, which was released today by the Solar Energy Industries Association (SEIA).

The comprehensive report, which identifies major commercial solar projects and ranks top corporate solar users, shows Walmart at the top of the list for the third year in a row with 105 megawatts (MW) installed at 254 locations.

Rounding out the Top 25 companies utilizing solar are Kohl’s, Costco, Apple, IKEA, Macy’s, Johnson & Johnson, Target, McGraw Hill, Staples, Campbell’s Soup, U.S. Foods, Bed Bath & Beyond, Kaiser Permanente, Volkswagen, Walgreens, Safeway, FedEx, Intel, L’Oreal, General Motors, Toys “R” Us, Verizon, White Rose Foods, Toyota and AT&T.

Combined, these blue chip companies have deployed 569 MW of solar capacity at 1,100 locations – a 28 percent increase over a year ago and a 103 percent increase since 2012, when the first report was released. Representing a “Who’s Who” of the corporate world, these companies are playing an increasingly important role in the development, expansion and promotion of solar nationwide, while also reducing their operating expenses, benefiting customers and shareholders alike.

“What do Walmart, Costco and Apple have in common besides selling cell phones and computers? These iconic brands, and many others like them, are all investing big in solar energy,” said SEIA President and CEO Rhone Resch. “These forward-looking companies are helping to create thousands of American jobs, boost the U.S. economy and improve our environment. The 1,110 commercial solar systems currently in operation are generating enough clean electricity to prevent 549,296 metric tons of damaging carbon emissions from being released into our air. That’s the equivalent of saving nearly 62 million gallons of gasoline.”

Today, IKEA leads all companies in the percentage of their facilities that are solar powered, with nearly 9 out of 10 stores now utilizing clean, reliable and affordable solar energy. General Motors is next in line at 43 percent.

According to the report, the “growing adoption of solar by the commercial sector is predominantly the result of consistent price declines. The average price of a completed commercial PV project in Q2 2014 has dropped by 14 percent year over year and 45 percent since 2012.  As solar prices continue to fall, more businesses in more states turn to solar to cut operating costs.”

“Going solar is a smart way for these blue chip companies to increase value for their shareholders,” said Nat Kreamer, CEO of Clean Power Finance and SEIA Board Chairman. “Businesses are dealing with higher and more volatile electric rates. At the same time, price declines and financing innovations have reduced the upfront cost of solar. These and other factors make solar a sound business decision today, and consistent policies at the state and federal levels will make solar a top three energy source for the U.S. in the future."

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About SEIA:

Celebrating its 40th anniversary in 2014, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.