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Q4 2014 SMI Fact Sheet

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Page 1: Q4 2014 SMI Fact Sheet

December 17, 2014 SEIA | www.seia.org

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

$-

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Sola

r P

V In

stal

lati

on

s (M

Wd

c)

Ble

nd

ed

Ave

rage

So

lar

PV

Pri

ce (

$/w

att)

As Industry Scales, Prices Fall

Solar PV Installations Solar PV Prices

Solar32%

Natural Gas42%

Coal0%

Wind23%

Other3%

2014 New Electric Capacity Installed

SOLAR ENERGY FACTS: 2014 YEAR IN REVIEW SOLAR INDUSTRY BREAKS 20 GW BARRIER; GROWS 34% OVER 2013

Installations Continue To Boom

Solar More Affordable Than Ever

Page 2: Q4 2014 SMI Fact Sheet

December 17, 2014 SEIA | www.seia.org

0

2,000

4,000

6,000

8,000

10,000

12,000

2010 2011 2012 2013 2014 2015E 2016E 2017E

Inst

alle

d C

apac

ity

(MW

dc)

U.S. Solar Industry Forecast

Residential (PV) Non-residential (PV) Utility (PV) Forecast

88 MW

107 MW

129 MW

147 MW

240 MW

247 MW

308 MW

339 MW

397 MW

3549 MW

New Mexico

Hawaii

Texas

New York

New Jersey

Arizona

Massachusetts

Nevada

North Carolina

California

2014 Solar PV Installed Capacity

Residential Non-Residential Utility0 2500 5000 7500 10000

Texas

New York

Colorado

Hawaii

Massachusetts

Nevada

North Carolina

New Jersey

Arizona

California

Installed Capacity (MW)

Cumulative Solar Electric Capacity

Growth to Continue Through 2016

State Rankings

Page 3: Q4 2014 SMI Fact Sheet

December 17, 2014 SEIA | www.seia.org

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

2006 2007 2008 2009 2010 2011 2012 2013 2014

Bill

ion

s

Value of Yearly U.S. Solar Installations

Solar Is an Economic Engine

0

25,000

50,000

75,000

100,000

125,000

150,000

175,000

200,000

2006 2007 2008 2009 2010 2011 2012 2013 2014

U.S. Solar Workforce

SEIA Estimate The Solar Foundation