US Cumulative PV Installed Capacity to Grow Four Folds by 2014

Noida, UP India (PressExposure) February 21, 2011 -- The US photovoltaic industry is growing at a fast pace on the back of strong regulatory support and its acceptance in commercial and residential consumer segments. PV systems installation costs also dropped on an annual average of 3.6% during the past decade, which has made adoption more affordable for consumers. Further, to support the PV industry, special grant program have been adopted, which increased the transaction and program caps with extension of coverage to the public and industrial sectors.

According to our research report "US Photovoltaic Market Analysis", cumulative PV installed capacity in the US will witness sizeable growth till 2014. On grid installations occupied the dominant share of the total installations, which include telecommunications, security phones on highways & parking lots, sensor power sources & data communication power, traffic monitors, inter-coastal navigation aids, remote lighting & signals, and supplemental lighting sources for environment-friendly corporate headquarters.

As per the study, non-residential grid tied PV installations accounted for the majority of capacity in 2009. These installations include sites, such as government buildings, military installations, and retail stores. The large average size of these premises requires large installations and results in greater capacity additions. On the contrary, residential segment strictly comprise non-commercial houses installation in the form of ground mounted and roof top systems.

The research finds that a large number of photovoltaic power plants will be built, particularly in the south and south-west regions. Availability of land and resources is also not a problem in these regions. Especially in the sunny deserts of California, Nevada, and Arizona, the development pace is quite impressive. Utilities and commercial enterprises are buying large properties to build PV power plants, which achieve an output of ten megawatt peak or more.

"US Photovoltaic Market Analysis" provides the overall PV market study of the US with focus on emerging trends and state level analysis. The report also provides information on crystalline silicon and thin films production in the US. Additionally, the report analyzes PV module cost analysis, PV R&D budget, and solar policy. The report also presents business description and latest developments of 10 PV companies in the US.

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Press Release Submitted On: February 21, 2011 at 3:27 am
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