Us Solar Panel Industry Statistics

Solar electric capacity surpassed 2 000 megawatts in 2009 enough to power over 350 000 homes.

Us solar panel industry statistics.

Installed 3 5 gigawatts gw of solar pv capacity in q2 2020 to reach 85 gw of total installed capacity enough to power 16 1 million american homes. Solar growth statistics the economic index of the solar industry. Building new solar power plants can be up to 10 per mwh cheaper in some cases than continuing to run existing coal plants. The surge in the solar industry has significantly boosted the us economy by.

Solar panel installation in the us industry trends 2014 2019 solar panel installation in the us industry outlook 2019 2024 poll average industry growth 2019 2024. Investment statistics corporate solar investments surge in the us. Installations have grown 35 fold to an estimated 62 5 gigawatts gw today. This is enough capacity to power the equivalent of 12 million average american homes 1.

Currently the us solar industry employs about 242 000 people and generates tens of billions of dollars of economic value. Solar power is more affordable accessible and prevalent in the united states than ever before. Solar industry jobs by sector. Nearly 250 000 americans work in solar more than double the number in 2012 at more than 10 000 companies in every u s.

In that year 5 77 percent of respondents aged 18 to 29 years owned. Solar panel efficiency has increased from 6 in 1954 to over 40 on high efficiency panels today. Most solar panels have 20 year warranties but many of the earliest installed panels are still working 40 years later at 80 efficiency or more. According to the solar energy industries association seia total u s.

X x lock purchase this report or a membership to unlock the average company profit margin for this industry. Published by alexander kunst jan 21 2020 this statistic illustrates the share of americans owning solar panels in 2018 by age. In 2019 the solar industry generated 18 billion of investment in the american economy. 90 97 of a decommissioned solar panel s materials can be recycled or sold.

The solar energy industries association s solar.