Tag Archive for: ussolar

Solar panel owners are still more likely to have higher incomes and live in wealthier states, but a few trends are changing things.

The income gap among households with solar panels is shrinking, study finds

Rooftop solar panels continue to be more popular among Americans with above-average incomes, but that trend is changing, according to a new report.

The median household income of a solar adopter in the US was about $117,000 in 2022, researchers from the Lawrence Berkeley National Laboratory found. By contrast, the median income for all households was $69,000, and $86,000 for all owner-occupied households.

While the typical household with solar panels was wealthier than the average household, that trend is changing just a bit. In 2010, the median income for a solar adopting household was $140,000.

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Source: CNET

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The SEIA and Wood Mackenzie research group said the US solar sector is expected to add a record 33 GW of new generation capacity in 2023.

US adds 33GW of new solar capacity in 2023

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A new report from the Solar Energy Industries Association (SEIA) and the Wood Mackenzie research group said the U.S. solar sector is expected to add a record 33 GW of new generation capacity in 2023, a 55% increase from 2022.

The groups said that even with growth expected to slow over the next year due to economic and interconnection challenges, solar energy is expected to be the largest source of generating capacity on the U.S. power grid by 2050. The report released Dec. 7 said that government policies supporting solar power are among the reasons for the industry’s rise.

“Solar remains the fastest-growing energy source in the United States, and despite a difficult economic environment, this growth is expected to continue for years to come,” said SEIA president and CEO Abigail Ross Hopper. “To maintain this forecasted growth, we must modernize regulations and reduce bureaucratic roadblocks to make it easier for clean energy companies to invest capital and create jobs.”

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Source: POWER

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In its latest monthly “Energy Infrastructure Update” report, FERC says solar provided 9,924 MW of new domestic generating capacity

US solar energy capacity could soon overtake wind power

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A review by the SUN DAY Campaign of data newly released by the Federal Energy Regulatory Commission (FERC) and the U.S. Energy Information Administration (EIA) reveals that solar has grown faster in electrical generation than all other energy sources as well as outpaced them in new U.S. generating capacity added during the first three quarters of 2023.

In its latest monthly “Energy Infrastructure Update” report (with data through September 30, 2023), FERC says solar provided 9,924 MW of new domestic generating capacity or 42.4% of the total. Moreover, solar capacity additions during the first nine months of this year were almost a third (32.8%) larger than for the same period last year.

The new solar capacity additions edged past the 8,962 MW of new natural gas (38.2%) and were nine times greater than that provided by the new 1,100-MW Vogtle-3 nuclear reactor (4.7%) in Georgia as well as by oil (54 MW) and waste heat (31 MW).

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Source: Solar Power World

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Right now, the US has nearly 160 gigawatts of installed solar capacity, more than half of which is utility-scale.

Here’s where utility-scale solar is located in the US

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The recipe for a fossil-free future includes a big dollop of solar — and in recent years, that solar has started popping up all around the U.S.

But where, exactly, are the country’s major solar installations located? The map below, created from the U.S. Large-Scale Solar Photovoltaic Database, shows the sites of ground-mounted solar installations in the country with a capacity of 1 megawatt or more. The most recent data available is current through the start of 2022, meaning even more solar is deployed across the country than is shown here.

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Source: Canary Media

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EIA is forecasting that in 2024, electricity from solar energy will exceed the amount of energy coming from hydropower sources by about 14%.

US solar electricity generation to exceed hydroelectricity in 2024, EIA predicts

The U.S. Energy Information Administration (EIA) is forecasting that in 2024, electricity from solar energy will exceed the amount of energy coming from hydropower sources by about 14%. The prediction has been published in EIA’s Short-Term Energy Outlook report.

EIA attributes this prediction to continuing growth around the U.S. in both utility-scale and small-scale solar facilities. Earlier this year, EIA said it expected about 54% of electricity-generating capacity to come from solar energy in 2023 as developers had plans to add a total of 54.5 gigawatts of utility-scale electric-generating capacity to the U.S. power grid.

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Source: Eco Watch

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US solar is booming – here’s the newly released data

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US solar is growing at a breakneck speed, and it hit several big milestones in July, according to newly released government data.

In its latest monthly “Energy Infrastructure Update” report (with data through July 31, 2023) reviewed by the SUN DAY Campaign, the Federal Energy Regulatory Commission (FERC) says solar provided 1,824 megawatts (MW) of new US generation capacity, or more than 67.2% of the total added in July 2023. The balance (892 MW) was provided by natural gas. This brought solar’s share of total available installed generating capacity in the US up to 7.12%.

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Source: electrek

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China’s Trina Solar, one of the world’s largest solar panel makers, has announced it will build a 5GW solar panel factory in Texas.

Chinese solar giant Trina is opening a 5 GW factory in Texas

China’s Trina Solar, one of the world’s largest solar panel makers, has announced it will build a 5 gigawatt (GW) solar panel factory in Texas.

The factory will be in Wilmer, southeast of Dallas. The $200 million facility will be more than 1 million square feet in size and will create 1,500 local jobs. Trina Solar says it will source polysilicon, a key raw material in the solar supply chain, from the US and Europe. The factory will come online in 2024.

Trina Solar’s Texas factory will produce the company’s Vertex modules that incorporate 210mm silicon wafers that allow over 600W power output and up to 21.4% module efficiency.

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Source: electrek

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The US solar industry is expecting to install an unprecedented 32GW of new capacity in 2023, according to the SEIA and Wood Mackenzie.

US solar installations expected to be a record 32 GW in 2023

The US solar industry is expecting to install an unprecedented 32 gigawatts (GW) of new capacity in 2023, according to a report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

This year’s anticipated installed solar capacity is a 52% surge from 2022, according to the new “US Solar Market Insight Q3 2023” report.

Supply chain bottlenecks as a result of the pandemic and restrictive trade policies have negatively impacted the solar market in recent years. But these challenges are beginning to recede, and as the Biden administration’s Inflation Reduction Act (IRA) policies gain momentum, Wood Mackenzie expects total US operating solar capacity to grow from 153 GW today to 375 GW by 2028.

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Source: electrek

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First Solar plans to spend as much as $1.1B on a new US factory, a sign that president Biden’s IRA is boosting domestic clean energy industry

First Solar to invest $1.1 billion in fifth US panel factory

First Solar Inc. plans to spend as much as $1.1 billion on a new US manufacturing site, a sign that president Joe Biden’s Inflation Reduction Act is boosting domestic clean energy industry.

The plant will be able to produce panels capable of generating 3.5 gigawatts of solar power per year upon completion in 2026, according to a statement Thursday. The company hasn’t yet picked a location for what will be its fifth US factory.

Aided by incentives from the IRA, the biggest US panel maker has now committed $2.8 billion in the past year to expand US production. The new plant will give First Solar total annual capacity of 14 gigawatts in the US and 25 gigawatts globally.

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Source: Bloomberg

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With the improved outlook for solar panel supplies, analysts expect 19 GW & 27 GW of US utility-scale solar to be installed in 2023 & 2024, respectively.

US utility-scale solar outlook improves on easing supply chain limits: Morgan Stanley

The outlook for U.S. utility-scale solar has improved on easing supply chain problems, but near-term residential solar growth may be hurt by rising interest rates and changes to California’s net metering policy, Morgan Stanley analysts said in a report Monday.

The investment firm’s analysts said at the start of the year they were worried about the effects of the Uyghur Forced Labor Prevention Act, which resulted in shipments of imported solar panels being held by U.S. Customs and Border Protection, leading to project delays.

Of the roughly $710 million worth of shipments detained last year, about 40% had been released as of early April, the analysts said. Also, it appears that panels made with non-Chinese polysilicon have continued to enter the U.S. without significant delays, they said.

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Source: Utility Dive

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