“The U.S. solar industry is on a roll, with unprecedented growth in 2011,” said
Rhone Resch, President and CEO of SEIA. “Solar is now an economic force in dozens of states, creating jobs across America. But our industry needs stable policy on which to make business decisions, and unfortunately an underlying mechanism for financing solar projects is scheduled to expire on December 31. To keep the industry growing and creating jobs in the U.S. we need Congress to extend the 1603 program. The 1603 program has done more to expand the use of renewable energy than any other policy in U.S. history. Our country is not in a position to have Congress turn their back on American industries, and it is critical that Congress extend the 1603 program in the few days left before the end of the year.” More U.S. solar electric capacity came online in Q3 2011 than all of 2009 combined, and Q4 2011 is predicted to be even larger.
The residential PV market grew 21 percent over Q2 2011 to reach nearly 75 MW.California regained a substantial share of overall PV installation in Q3 2011 with 44 percent; the next six largest state markets combined comprised 45 percent of quarterly installations.While domestic solar markets are booming more than ever, the report also finds that U.S. solar is facing more uncertainty than at any point in recent history. On one hand, solar module prices are falling precipitously and system prices have never been lower; on the other hand, the market faces substantial risks in the form of legislative, financing, political, and market barriers.
“U.S. solar is entering 2012 with a sense of cautious optimism,” said Shayle Kann, Managing Director of the solar practice at GTM Research. “There are three questions on the mind of everyone in the market: one, what would be the impact of the 1603 Treasury Program’s expiration; two, can emerging commercial markets like Massachusetts, Colorado, Ohio, Tennessee, and Hawaii ramp up as major markets like California, New Jersey and Pennsylvania trend downward; and finally, how will the trade petition against Chinese solar imports impact market dynamics, both in the immediate term and if duties are ultimately levied?”