Renewable Energy information and Solar Panel installation updates
Renewable Rochester in Solar Market Trends 2011 Report
Read more at Solar Market Trends 2011 Report
Renewable Rochester project cover photo of Penguin Bay Vineyard solar project!!
PV capacity for installations doubled in 2011 compared to 2010
Source: IREC Press Release
August 15, 2012
August 15, 2012. Latham, NY – Despite some high-profile negative news stories about solar in 2011, solar markets are booming in the United States, says Larry Sherwood, President of Sherwood Associates, and author of the 2011 Solar Market Trends Report from the Interstate Renewable Energy Council, Inc. Falling photovoltaic prices, strong consumer demand, and financial incentives from the federal government, states and utilities meant that twice as much photovoltaic solar was installed in 2011, as was installed in 2010.
This annual report compiles and analyzes public data on U.S. solar installations by technology, state and market sector for 2011. It covers solar technologies that produce electricity, including photovoltaics (PV) and concentrating solar power (CSP).
“More than 1.8 GWDC of photovoltaic installations were completed in 2011 at 64,000 sites,” said Sherwood. “More utility-scale systems, and an increase in the average system size accounted for this dramatic growth.”
By the end of 2011, there was twice as much PV capacity in larger utility and non-residential solar systems than there had been when the year began. Growth of the total installed capacity of utility and non-residential systems was dramatic, growing by 145% and 132% respectively, compared with 2010. State renewable portfolio requirements are an important reason for the large growth in the utility sector.
In contrast, residential installations grew by 24% on a capacity basis, a much slower, while still healthy, rate.
“IREC’s highly anticipated annual report points to continued growth in grid-connected PV, along with the continuation of the trend of higher growth rates for larger installations,” says Jane Weissman, IREC’s Executive Director.
Solar is continuing to be a more diversified resource in the U.S. While California remains the largest U.S. market, with about 29% of the U.S. capacity installed in 2011, the amount of PV capacity installed in Arizona, California, Hawaii, New Jersey, New Mexico and New York in 2011 was at least double the capacity installed in each state in 2010.
“In fact, California’s number this year represents a significant drop in market share from the 68% recorded five years ago, in 2006,” said Sherwood.
Many large solar projects began construction in 2011 in order to take advantage of the 1603 Treasury Grant Program. Most of these installations, both distributed and utility-sector projects, will be completed in 2012 through 2016.
“Since projects that begin construction in 2012 will no longer have the cash grant option,” said Sherwood, “developers will need to find entities, such as banks and insurance companies, with tax bills large enough to take advantage of remaining tax credits.”
This year, Sherwood included three ‘Top 10’ lists:
- The Annual Top 10 ranks states by the amount of grid-connected PV capacity installed in 2011;
- The Cumulative Top 10 ranks states by the cumulative amount of grid-connected PV capacity installed through 2011; and
- The Per Capita Top 10 ranks states by the amount of PV capacity per capita they had installed cumulatively through 2011.
Leading the pack for both installations in 2011 and cumulative installations are California, New Jersey, Arizona, Colorado, New Mexico and Pennsylvania. On a per capita basis, Hawaii and Nevada join these top-tier states.
Prices for PV installations fell in 2011, and all indicators point to a continued decline in 2012. Lower PV prices raise the potential for installations in states without state or local incentives. The number of states with strong solar markets is increasing, although Sherwood predicts installations in 2012 will continue to be concentrated in states with strong solar policies.
Over the near term, the prospect for growth in solar installations is bright. Early indicators point to continued market growth in 2012 due to the federal solar investment tax credit (ITC), state renewable portfolio standards, and completion of installations begun by the end of 2011 in order to participate in the 1603 Treasury Grant Program. Companies have announced plans for many large solar electric projects, including both PV and CSP projects. Some of these projects are under construction and will come on-line between 2012 and 2016.
“Reductions in PV module prices, continuation of the federal investment tax credit and strong state Renewable Portfolio Standards will help drive market growth,” said Sherwood.
This is one of the first campsites in upstate New York to install solar panels to help offset costs to the utility. Bristol Woodlands located on the top of Bristol Hill has gone renewable! Campers can now plug in and supply electric to their campers from the sun!
This system features the latest in SunPower solar panels and the new ACPV micro inverters. Each solar panel produces individual power and sends it back to the utility. SunPower continues to lead the way with state of the art technology and the most efficient solar panels in the world!
Our thanks to the owners of Bristol Woodlands Campground, NYSERDA, Town of Bristol and NYSEG for making this project possible!!
Town of Bristol, Bristol Woodlands Campground – Renewable Rochester
Town of Penfield Solar Installation
This is the latest solar panel installation installed by our Renewable Rochester Energy Team. This 9Kw SunPower solar electric system is the latest in SunPower Technology and uses the SPR-225 solar panels. If you want a nice state of the art design, nice looking solar system with the highest power available, then SunPower solar panels are the way to go. Remember that more power equates to more $$$ in your pocket! This system is predicted to save this homeowner over $1,000 per year!
Let the Power of the Sun make you money and reduce your carbon footprint!
Renewable Rochester in the news
|New research by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory finds that installing a residential solar energy system increases a home’s value by an average of $17,000 or $5,500/kW.
The study analyzed 72,000 California homes sold between 2000 and mid-2009, almost 2,000 of which had solar energy systems. It found that homes with solar sold for an average of $17,000 more than comparable non-solar homes.
Homes with solar power attracted higher offers from buyers who wanted to save money on utility bills and reduce their impact on the environment. The increase home sale prices was comparable to the average cost of system installation, and solar homeowners also enjoyed the benefit of dramatically lower electric bills.
Want to learn more? Download the full report or a two-page summary of the report’s key findings.
Did you know that the staff at Renewable Rochester has designed hundreds of solar electric systems in the Rochester and the upstate New York area? Yes, even with all our clouds and snow these systems continue to work, and work well! Since New York State gets more solar radiation then the entire country of Germany, this is another reason for us to install a solar electric system for you.
Even the question of “Whats the payback?” can now be addressed with a simple 5-8 years on a 30 year system that will reduce your electric bill, and help you control the costs of your utility raising the rate every year!
Yes this is true, and while it is hard to understand because we have been told for so many years that solar does not work in New York, we have found that this is not the case and even with snow, and even with clouds these solar electric systems do continue to work. Please note that while they will work under these conditions, they are degraded and do perform best with sun and without snow on them.
Now you move one of these systems from New York State to Florida and you would see about 16% or so increase in electric output.. Not bad considering we are one of the most cloudy areas in the country and Florida is the Sunshine State!
I often here the words “What is my payback?” Over many years of installing solar electric systems, future clients and partners have asked me this question. While we all need to watch our bottom line, and to make wise choices financially, we also need to look ahead, focus forward, and do what is best for our future generations and future investments.
Back several years ago I was quoting these systems over $14/watt, and now five years later I am sending out quotes near $5-6/watt. In just that short period of time the payback period has gone from 35-40 years down to 5-9 years in many cases. The cost of these systems has dropped and they are more affordable then ever.
Now a few questions to my readers.. (more…)