Solar Industry Emerging from the Darkness

 

This year, we may see around 350-400 MW of solar PV installations in the U.S. We’ll probably see another 150,000-200,000 square meters of solar thermal collectors, and around 5 MW of CSP. That’s just above last year’s overall installations. Even though we won’t see major growth like in previous years, the industry has held up well, considering the circumstances.

It took the greatest economic crisis in 80 years just to slow the growth of the solar industry. It’s exciting to imagine what will happen next year when the credit markets are healthier, consumers have more purchasing power and we finally have a carbon-weighted policy in place.

Our quick take: We are finally emerging from the darkness that descended upon us 12 months ago.

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