United States PV Market
Content
United States PV Market
y y
The 2009 PV Market Overview In 2009, the United States was the third largest solar photovoltaic market in the world, after Germany and Italy. Despite a challenging domestic economic environment, the US market still delivered a growth rate of 36%, strong but not nearly as strong as the 62% growth in 2008. US government policies progressed Though utility barriers remained unresolved, sixteen states and Washington, D.C. have enacted a Renewable Portfolio Standard (RPS) with solar or distributed generation set-asides to promote PV. y The large number of state policy initiatives has created a fragmented regulations and incentive environment but states are stimulating local markets. Federal incentives are playing a much larger role in stimulating demand over the next two years. y California continues to play a critical role; the state accounted for 53% of US on -grid PV installations in 2009. U.S. market forecast to grown to 4.5 ± 5.5 GW by 2014 y The US market is forecasted to grow to between 4.5-5.5 GW over the next five years, around ten times the size of the 2009 market and an average annual growth rate of 30% per annum. y The US order book for PV systems was at 12 GW in 2009, which represents the total of solar set-aside Renewable Portfolio Standards, projections of demand from multi year funded incentive programs, stimulus-funded projects and other large utility identified projects.
y
Figure 1: US PV Order Book (2010 ± 2014)
Sourc : Solarbuzz United States PV Market Detailed information on this PV market is included in the Solarbuzz United States PV Market report, updated annually. Solarbuzz regional market reports provide detailed insight including market segmentation, government policies, downstream acquisitions, project-by-project listings, investment economics, pricing and forecasts. Learn more.
y y
The 2009 PV Market Overview In 2009, the United States was the third largest solar photovoltaic market in the world, after Germany and Italy. Despite a challenging domestic economic environment, the US market still delivered a growth rate of 36%, strong but not nearly as strong as the 62% growth in 2008. US government policies progressed Though utility barriers remained unresolved, sixteen states and Washington, D.C. have enacted a Renewable Portfolio Standard (RPS) with solar or distributed generation set-asides to promote PV. y The large number of state policy initiatives has created a fragmented regulations and incentive environment but states are stimulating local markets. Federal incentives are playing a much larger role in stimulating demand over the next two years. y California continues to play a critical role; the state accounted for 53% of US on -grid PV installations in 2009. U.S. market forecast to grown to 4.5 ± 5.5 GW by 2014 y The US market is forecasted to grow to between 4.5-5.5 GW over the next five years, around ten times the size of the 2009 market and an average annual growth rate of 30% per annum. y The US order book for PV systems was at 12 GW in 2009, which represents the total of solar set-aside Renewable Portfolio Standards, projections of demand from multi year funded incentive programs, stimulus-funded projects and other large utility identified projects.
y
Figure 1: US PV Order Book (2010 ± 2014)
Sourc : Solarbuzz United States PV Market Detailed information on this PV market is included in the Solarbuzz United States PV Market report, updated annually. Solarbuzz regional market reports provide detailed insight including market segmentation, government policies, downstream acquisitions, project-by-project listings, investment economics, pricing and forecasts. Learn more.
