million u.s. solar installation factbook
TRANSCRIPT
![Page 1: Million U.S. Solar Installation Factbook](https://reader031.vdocuments.us/reader031/viewer/2022030213/589de1371a28ab77148b632b/html5/thumbnails/1.jpg)
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“The adoption of solar energy in America has reached a new height of one million installations nationwide. This milestone is the product of American innovation and ingenuity.
It is the result of consumers, policy leaders, advocates and an industry of over 200,000 workers who have all helped make the nation’s clean energy revolution a reality.”
- 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000
Today
Another million in just 2 years
4 million by 2020
By 2025, the U.S. will be installing a million solar systems a year!
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Currently solar only supplies about 1% of U.S. electricity generation, but it is growing rapidly accounting for almost 30% of new capacity last year.
Over 1,500 utility-scale installations account for the bulk of U.S. generation, with some recent projects producing power cheaper than any other source.
Nearly 57,000 business and non-profits have installed solar, including many of America’s most recognizable companies such as Walmart, Apple, and GM.
Over 942,000 homeowners are producing their own-power, increasing family incomes while reducing their carbon footprint.
Enough power to supply almost 6 million homes
Enough electricity to supply all of Pennsylvania
Enough solar to cover every rooftop in New Mexico
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2009 2010 2011 2012 2013 2014 2015
Sola
r PV
Insta
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Wdc
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age
Sola
r PV
Price
($/w
att) Solar PV Installations
Solar PV Prices
Source: SEIA/GTM Research
A combination of factors have allowed solar to scale from just 1,000 installations in 2001 to over a million today.
Installation costs have dropped by more than 70% over the past decade, led by more efficient panels that are 66% cheaper than just 5 years ago.
The predictability of the long-term 30% federal investment tax credit enacted in 2008 and extended in 2015 through 2021.
State policies like net-metering and renewable portfolio standards provided stable policy environments that allowed solar to break into markets and thrive.
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Not surprised, I heard the industry now employs over 200,000 Americans!
That’s three times more jobs than in U.S. coal mining! Yeah, pretty amazing that
solar created 1 in 83 of all new U.S. jobs last year.
Did you know that in the 5 years we’ve been working together solar jobs grew 123%?
Source: 2015 National Solar Jobs Census
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One million installs
34 CO2 million
tons
saved annually
Equal to Equal to Equal to
Annual emissions from the state of Oregon
Carbon sequestered by all national park lands in the lower 48
Driving a car 3.2 million times around
the globe
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Source: HUD photo of Denver Housing Authority project
Given the proven ability of residential solar systems to decrease monthly electric bills, rooftop solar could help relieve the disproportionate energy burden and become a source of ongoing wealth creation in lower income communities. Lower income households face a range of barriers to going solar, including being more likely to be
renters or live in multi-tenant buildings, lacking access to financing, and owning property with deferred maintenance issues.
Finding ways to enable lower-income Americans to benefit from solar will unlock huge new markets and is essential to reaching national energy goals.
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1 million U.S. installations
First solar PV cell patented by Bell Labs
First U.S. PV solar home installed
Solar Energy Industries Association founded
First U.S. megawatt-scale project installed
1,000 U.S. installations
10,000 U.S. installations
100,000 U.S. installations
U.S. Government launches Solar Energy Research Institute (later became NREL)
University of Delaware