American Solar Industry Shows Incredible Growth

October 15, 2010 / 1 Comment

The American solar industry has recorded substantial growth, generating more job opportunities in the sector. This is noticeable in the backdrop of the dismal performance of the US economy. The Solar Energy Industries Association (SEIA) along with GTM Research released a report indicates that the solar installations in 2010 are more as compared to its previous year.

solar panels American Solar Industry Shows Incredible Growth

The U.S. Solar Market Insight report compiled data for the first half of 2010 which shows significant growth in the industry. In total, 341 megawatts were installed in the first half of the year. On the basis of solar energy capacity installation, California comes first in the category with 12 megawatts, followed by New Jersey, Arizona and Florida.

Estimates indicate the chances of the industry to surpass the 1 GW mark for annual installations in 2010 while accounting for both solar electric and solar thermal installations. The report rightly forecast the installation of projects with 944 megawatts of solar electric capacity which may lead to a growth of 114 percent in 2010. It also predicts installation of projects as much as 1.13 gigawatts to be installed by the end of the year leading to a growth rate of 156 percent.

All of those installations have led to job growth in the market as well. Rhone Resch, president of SEIA announced yesterday that the industry’s goal is to install ten times that number annually in 5 years and he also said installing 10GW annually by 2015 would create as many as 220,000 jobs.

The report released by the National Solar Jobs Census 2010 (PDF), identified more than 16,700 solar employment sites and 93,000 solar jobs in all 50 states of America. The number of solar workers is likely to witness increment by 26 percent, which implies nearly 24,000 net new jobs by August 2011.

The solar industry is a true area of growth, creating jobs across the country while helping in the transition of the nation to renewable sources of energy.

(Via RenewableEnergyWorld)