Industry's record expansion is threatened by appearing death of Treasury Department's successful 1603 Program. The U.S. solar industry commissioned a quarterly record for new solar electric ability in Q3 with 449 MW. More U.S. solar electric ability came online in Q3 2011 than all of 2009 combined, and Q4 2011 is likely to be even larger. However, a U.S. solar marketplace faces estimable marketplace doubt with financing and domestic risks, including a appearing death of Section 1603 Treasury Program.
Washington, DC (PRWEB) Dec 14, 2011
The U.S. solar energy attention achieved a new record for installations and expansion in a third entertain of 2011 interjection to utility-scale plan completions, a clever residential market, effective policies and a plummeting cost of solar panels, according to a news expelled currently by GTM Research and a Solar Energy Industries Association (SEIA).Through a third entertain of 2011, a U.S. solar marketplace has commissioned some-more than 1,000 megawatts (MW) of solar ability on a year, already heading a 2010 annual sum of 887 MW, according to a U.S. Solar Market Insight: 3rd Quarter 2011 report. This includes 449 MW commissioned in a third entertain alone â€" a record for quarterly installations and some-more new solar electric ability than was total in all of 2009. This also represents 140 percent expansion over a same entertain final year.
Much of this expansion is due to a Department of Treasury's 1603 program, that is set to finish on Dec. 31 unless Congress extends it. In a deficiency of an prolongation of a program, a news predicts that there will be a taxation equity bottleneck for projects in 2012, heading to a probable slack in installations in late 2012 and into 2013.
"The U.S. solar attention is on a roll, with rare expansion in 2011," pronounced Rhone Resch, President and CEO of SEIA. "Solar is now an mercantile force in dozens of states, formulating jobs opposite America. But a attention needs fast process on that to make business decisions, and unfortunately an underlying resource for financing solar projects is scheduled to finish on Dec 31. To keep a attention flourishing and formulating jobs in a U.S. we need Congress to extend a 1603 program. The 1603 procedure has finished some-more to enhance a use of renewable appetite than any other process in U.S. history. Our nation is not in a position to have Congress spin their behind on American industries, and it is vicious that Congress extend a 1603 procedure in a few days left before a finish of a year."
The U.S. Solar Market Insight: 3rd Quarter 2011 news () is a many minute and timely investigate accessible on a stability expansion and event in a U.S. The news includes investigate of PV, concentrating solar appetite (CSP) and concentrating photovoltaics (CPV) technologies, exposing a pivotal metrics that will assistance solar decision-makers navigate a market's stream and forecasted trajectory.
Highlights from a third entertain news include:
-Grid-connected PV installations in Q3 2011 grew 39 percent over Q2 2011 and 140 percent over Q3 2010.
-The application PV marketplace commissioned over 200 MW in Q3 2011, a larger than 400 percent boost in installations over Q2 2011.
-The residential PV marketplace grew 21 percent over Q2 2011 to strech scarcely 75 MW.
-California regained a estimable share of altogether PV designation in Q3 2011 with 44 percent; a subsequent 6 largest state markets sum comprised 45 percent of quarterly installations.
While domestic solar markets are sepulchral some-more than ever, a news also finds that U.S. solar is confronting some-more doubt than during any indicate in new history. On one hand, solar procedure prices are descending precipitously and complement prices have never been lower; on a other hand, a marketplace faces estimable risks in a form of legislative, financing, political, and marketplace barriers.
"U.S. solar is entering 2012 with a clarity of discreet optimism," pronounced Shayle Kann, Managing Director of a solar use during GTM Research. "There are 3 questions on a mind of everybody in a market: one, what would be a impact of a 1603 Treasury Program's expiration; two, can rising blurb markets like Massachusetts, Colorado, Ohio, Tennessee, and Hawaii ramp adult as vital markets like California, New Jersey and Pennsylvania trend downward; and finally, how will a trade petition opposite Chinese solar imports impact marketplace dynamics, both in a evident tenure and if duties are eventually levied?"
With a 1603 Treasury Program scheduled to finish during a finish of this year, solar plan developers will be scrambling to possibly complete, or protected harbor, projects in a fourth entertain of 2011 in sequence to validate for a program's grant. This will positively furnish clever designation numbers by a finish of 2011. However, a doubt surrounding a program's prolongation threatens a market's expansion in 2012 and beyond.
About GTM Research:
Greentech Media delivers investigate and investigate in a business-to-business greentech market. Using an integrated platform, we furnish high peculiarity products, either it is attention news, marketplace investigate or networking events. GTM Research, a investigate arm of a company, produces in-depth marketplace reports and is a publisher of PV News, a monthly solar marketplace tracker. Greentech Media is headquartered in Boston, MA, with operations in New York, NY, San Francisco, CA and Munich. For some-more information, revisit .
About SEIA:
Established in 1974, a Solar Energy Industries Association is a inhabitant trade organisation of a U.S. solar appetite industry. Through advocacy and education, SEIA and a 1,100 member companies are building a clever solar attention to appetite America. As a voice of a industry, SEIA works to make solar a mainstream and poignant appetite source by expanding markets, stealing marketplace barriers, strengthening a attention and educating a open on a advantages of solar energy.
Background Resources:
U.S. Solar Market Insight: 3rd Quarter 2011 Executive Summary:
Info on purchasing a full U.S. Solar Market Insight: 3rd Quarter 2011 report:
Background on a Department of Treasury 1603 Program:
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Jared Blanton
Solar Energy Industries Association
202-556-2886
News referensi http://news.yahoo.com/report-seia-gtm-research-shows-u-solar-energy-120309990.html
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