IREC's Annual Solar Market Trends Report
23
U.S. Solar Market Trends Larry Sherwood IREC 3iForum at 2014 SPI October, 2014
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The solar market is an increasingly important and vital part of the American economy. What are the trends in this market, and what forces are at work? Which sectors of the market are strongest, and why? What are the prospects for solar energy in the near future? Larry Sherwood, principal author and IREC vice president/COO, presents results from the U.S. Solar Market Trends: 2014.
Transcript of IREC's Annual Solar Market Trends Report
U.S. Solar Market Trends
Larry SherwoodIREC
3iForum at 2014 SPIOctober, 2014
Federal Tax Policy
2009 2010 2011 2012 2013 $-
$1
$2
$3
$4
$5
$6
$7
$8
$9
ResidentialNon-residential
U.S. Distributed PV Cost Trends
2009 2010 2011 2012 20130
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
UtilityNon-ResidentialResidential
Ca
pa
cit
y (
MW
DC
) Capacity of Annual U.S. Grid-Tied PV Installations
Natural GasSolarCoalWindOther
2013 New U.S. Electricity Generation
CAAZNCMANJHIOther
2013 Installations by State
Large systems are more than half of the capacity installed
in 2013
> 5 MW - 84 installs < 5 MW - 153,700 installs
0
500
1000
1500
2000
2500
3000
Utility Sector
Utility PV Sector
2009 2010 2011 2012 20130
500
1000
1500
2000
2500
3000
Annual Installed CapacityM
WD
C
Utility PV Sector
CA
AZ
NC
Other
By State
2009 2010 2011 2012 20130
100
200
300
400
500
600
700
800
900 Annual Installed Capacity
Ca
pa
cit
y (
MW
AC
)
Concentrating Solar Power
Non-Residential Distributed PV Sector
Non-Residential Distributed PV Sector
2009 2010 2011 2012 20130
200
400
600
800
1000
1200
Annual Installed Capacity
Non-Residential Distributed PV Sector
CA
MA
NJ
AZ
NY
HI
Other
By State
Residential Distributed PV Sector
2009 2010 2011 2012 20130
100
200
300
400
500
600
700
800
900
1000
Annual Installed Capacity
MW
DC
Residential Distributed PV Sector
CA
HI
AZ
NJ
NY
CO
MA
LA
Other
By State
Residential Distributed PV Sector
20042005200620072008200920102011201220130
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
MW
-dc
Cumulative U.S. Grid-tied Solar Electric Installations
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