Sustainable Energy Factbook Shows Huge Growth in Solar

SEIA | News Release — Pointing to huge growth in the U.S. solar industry, the 2015 edition of the Sustainable Energy in America Factbook, produced for the Business Council for Sustainable Energy (BCSE) by Bloomberg New Energy Finance, was released today.

In response to the report, Solar Energy Industries Association (SEIA) President Rhone Resch said:

“The Factbook rightly points out that the continued growth in residential, commercial and utility-scale solar has helped to diversify our nation’s energy portfolio, improve grid stability, save money and create new jobs across the nation. This tremendous growth, including 20 percent more jobs in 2014 than the year before and 50 percent more added solar capacity nationwide, is due largely to smart, successful public policies such as the solar Investment Tax Credit, Net Energy Metering and Renewable Portfolio Standards. We’d like to thank BCSE and Bloomberg New Energy Finance for putting together the Factbook, which helps show policymakers and the public what a huge success story solar has become – and why it’s so important to our nation’s future.”

Today, the U.S. has an estimated 20 gigawatts (GW) of installed solar capacity nationwide, enough to effectively power nearly 4 million homes in the United States – or every single home in a state the size of Massachusetts or New Jersey – with another 20 GW in the pipeline for 2015 and 2016, according to SEIA and GTM Research projections.


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