Technology and Tax Credits Made 2015 a Solar Sensation

Confirming expectations, solar system installations broke multiple records in 2015.

In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts (MW) of solar photovoltaics (PV) in 2015. GTM Research and the Solar Energy Industries Association (SEIA) announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.

Led by California, North Carolina, Nevada, Massachusetts and New York, the U.S. solar market experienced a year-over-year growth rate of 17 percent. Geographically, the market continues to diversify with 13 states installing more than 100 MW each in 2015. States that made major solar strides include Utah, which jumped in ranking from 23rd to 7th place, and Georgia which moved from 16th to 8th in the nation.

The residential solar market grew 66 percent year-over-year and, for the first time in history, eclipsed two gigawatts (GW). The residential solar segment now represents 29 percent of the entire U.S. solar market – its largest share since 2009.

Humanity’s future, to say nothing of its prosperity, will depend on how we tackle the two central energy challenges that face us: securing the reliable supply of affordable energy, and switching rapidly to efficient low-carbon energy. Energy is vital for everyone, therefore, the states manage energy resources, in order to the addiction and fight hard to use environmentally friendly energy sources. The biggest story is in the case of renewables, it is no longer a niche. Renewable energy has become a mainstream fuel and will have a major role. Renewable energy which has been created awarness by all over the world, especially wind energy industry has been strategically important position for all states of modern world in terms of economic and politic.

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