INSIGHT Blog
USA Projected to Become Largest PV Market by 2013
September 10, 2011While US solar manufacturers like bankrupt Solyndra face stiff competition, the overall US market continues to shine. In fact, the latest report from UK-based market research firm ABI projects that the US will become the world's largest PV market in just 2 years!
Here are some conclusions from the report:
- An estimated 900 MW of installed capacity came online during 2010 in the US PV market and that number is expected to almost double in 2011.
- The US PV market is set to witness explosive growth over the next few years, with a forecast of 5 GW installed during 2013.
- The US Govt including the Army & Navy are continuing their push to fund, purchase and develop PV in a variety of ways.
- 30 US states have already set Renewable Energy Standards (RES) or Renewable Portfolio Standards (RPS).
- States starting with California are likely to adopt Feed-In Tariff programs, following a positive ruling from theĀ Federal Energy Regulatory Commission (FERC).
So despite the rocky road the industry is travelling now with expiring tax-credits, overseas competition, and no clear national policy on energy or climate change, there is a bright future ahead for US solar. With major long-term policy drivers in place, costs that continue to drop, and improved financing from Adam Capital, we might get there sooner than we think!

