The Petro Industry Had To Admit A Little Defeat This Week!

This week, the American Petroleum Institute (API) released it's annual "State of American Energy Report" noting the incredible rise of solar energy in 2014! Solar is now the fastest-growing source of renewable energy, with a total of 20.2 gigawatts of solar power installed in the US! To give you a baseline, this quote from the President and CEO Rhone Resch of SEIA tells the story extremely well:

“Solar energy is one of America’s great success stories,” said SEIA President and CEO Rhone Resch. “Last year, solar installations were 70 times higher than they were in 2006 – and today there’s nearly 30 times more solar capacity online nationwide. We’ve gone from being an $800 million industry in 2006 to a $15 billion industry today. The price to install a solar rooftop system has been cut in half, while utility systems have dropped by 70 percent. It took the U.S. solar industry 40 years to install the first 20 GW of solar. Now, we’re going to install the next 20 GW in the next two years. In fact, during every single week of 2015, we’re going to install more capacity than what we did during the entire year in 2006. Any way you look at it, solar energy is paying huge dividends for the economy, our environment and America’s future.”

Solar Stats provided by the API Report:

  • Blended average system pricing has come down 53% since 2010
  • Pumped $15 billion into the US economy, thanks to the ITC, NEM and RES incentives currently inplace. (See our Facebook page for a petition to support the continuation of the ITC)
  • Offsets 20 million metric tons of dangerous CO2, which equates to about 4 million cars off the road saving 2.1 billion gallons of gas
  • Five coal-fire plants were forced to close down operations for good!
  • Industry was $800 million in 2006, now it's over $15 billion
  • Provides 143,000 American jobs

Share in our happy dance for solar!

  

"Solar is the fastest-growing source of renewable energy in America" by Kathleen Zipp