Washington, D.C. (PRWEB) June 15, 2015
California has become the first state in the nation to top 10,000 megawatts (MW) of installed solar capacity, according to the latest U.S. Solar Market Insight Report, which was just released by GTM Research and the Solar Energy Industries Association (SEIA). Today, California has more solar assets than most nations, including the United Kingdom, France, Spain, Australia and Belgium.
California made history in the first quarter of this year by installing 718 MW of solar energy, raising the state’s total capacity to 10,649 MW – enough to power nearly 2.6 million homes. The report went on to point out that California had big increases in Q1 across all solar sectors. Of the new capacity added, 231 MW were residential, 88 MW were commercial and 399 MW were utility scale. Together, these installations represented a $1.7 billion investment across the state in the first quarter alone.
“When it comes to creating clean energy jobs and protecting the environment, California is showing the world how to get the job done,” said Rhone Resch, SEIA president and CEO. “To put the state’s remarkable progress in some context, today California has 10 times more installed solar capacity than the entire nation had in 2007. We congratulate Gov. Brown, his administration, legislative leaders and the people of California for being at the forefront of America’s efforts to create a vibrant and growing clean energy economy.”
Resch said California’s explosive growth in solar is due, in large part, to stable and effective public policies such as the solar Investment Tax Credit (ITC), Renewable Portfolio Standards (RPS) and Net Energy Metering (NEM). Nationwide, solar remains the fastest-growing source of renewable energy in the United States, and it is supported by 9 out of 10 Americans.
In the first quarter of this year, California benefitted from the completion of the massive Desert Sunlight project, developed by First Solar and located in the Mojave Desert. Desert Sunlight has the capacity to generate 550 MW of electricity, which is enough to power 160,000 California homes.
The residential market also continued to flourish in Q1, with installed system prices dropping 4 percent year-over-year – and down nearly 50 percent since 2010. The upswing in residential installations is expected to continue in the foreseeable future, especially in light of a recent report by the California Energy Commission, which shows that more than a quarter of all new homes being built in Southern California are being constructed with solar energy systems. Presently, there are 2,226 solar companies at work throughout the state, employing 54,700 Californians.