{"id":48472,"date":"2021-03-17T07:16:51","date_gmt":"2021-03-16T20:46:51","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=48472"},"modified":"2021-03-17T07:16:51","modified_gmt":"2021-03-16T20:46:51","slug":"solar-power-usa-mb1919","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/","title":{"rendered":"2020 A Record Year For Solar Power In The USA"},"content":{"rendered":"

\"Solar<\/p>\n

Even given the challenges of Trump and COVID-19, the USA managed to install a record 19.2 gigawatts (DC) of solar power capacity in 2020, up 43% on 2019.<\/p>\n

A report released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie says solar power led all technologies in new electric-generating capacity added in the US, accounting for 43% last year. 8 GWdc of new installations in the final quarter of last year represented the biggest quarter for solar installs in the country’s history.<\/p>\n

In terms of utility scale solar, just under 14GWdc was installed over the year, with 6.3 GWdc occurring in Q4 2020.<\/p>\n

\u201cAfter a slowdown in Q2 due to the pandemic, the solar industry innovated and came roaring back to continue our trajectory as America\u2019s leading source of new energy,\u201d said<\/a> SEIA president and CEO Abigail Ross Hopper.<\/p><\/blockquote>\n

In terms of new COVID-19\u00a0 infections and deaths, it was the second half of the year when both went through the roof – but what Ms. Hopper is referring to are restrictions on activity; the easing of which came at a very high cost.<\/p>\n

A Big Year For Home Solar Power<\/h2>\n

The report notes residential solar capacity was up 11% from 2019, reaching a record 3.1 GW. However, this was lower than the 18% annual growth in 2019 due to the impacts of the pandemic in the first half of 2020.<\/p>\n

Pent-up demand from the second quarter combined with a surge in home improvements interest translated to record-setting sales pipelines in the second half 2020.<\/p>\n

3.1 GW is pretty impressive, but Australia managed around the same level of small-scale installations in 2020<\/a>\u00a0 (although this includes small commercial solar too) – and the U.S population is close to thirteen times that of Australia’s.<\/p>\n

So, what is holding back home owners from installing solar panels in the USA?<\/p>\n

Primarily, cost.<\/p>\n

Currently, the average cost of a fully installed 6kW solar power system in the USA is around USD $12,500 after tax credits, which works out to be approximately AUD $16,000 at current exchange rates.<\/p>\n

The cost of solar in Australia<\/a> is far lower, with a good quality 6.6kW solar system<\/a> generally costing between $5,000 – $9,000 depending on the components and solar installer<\/a> used. As mentioned on Monday, while there has been increasing pressure on solar prices<\/a> due to materials and production issues, to this point Australia has been protected by its strengthening dollar.<\/p>\n

USA Solar Energy Outlook<\/h2>\n

While a recent two-year extension of the investment tax credit (ITC) will drive solar uptake over the next couple of years, Wood Mackenzie says the economics of distributed and utility-scale solar generally along with commitments to decarbonisation will result in more than 50GWdc capacity to be added in 2030.<\/p>\n

\"US<\/p>\n

For residential solar growth specifically, Wood Mackenzie is tipping a dip in 2024 before a steady march upwards resumes.<\/p>\n

Overall, Wood Mackenzie expects a cumulative 324 GWdc of solar capacity additions in the USA over the next decade.<\/p>\n

More from the U.S. Solar Market Insight 2020 Year-in-Review report can be viewed here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Even given the challenges of Trump and COVID-19, the USA managed to install a record 19.2 gigawatts (DC) of solar power capacity in 2020, up 43% on 2019.<\/p>\n","protected":false},"author":17,"featured_media":48473,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-48472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\n2020 A Record Year For Solar Power In The USA - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Even given the challenges of Trump and COVID-19, the USA managed to install a record 19.2 gigawatts (DC) of solar power capacity in 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 A Record Year For Solar Power In The USA\" \/>\n<meta property=\"og:description\" content=\"Even given the challenges of Trump and COVID-19, the USA managed to install a record 19.2 gigawatts (DC) of solar power capacity in 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T20:46:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/usa-solar-report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"2020 A Record Year For Solar Power In The USA\",\"datePublished\":\"2021-03-16T20:46:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/\"},\"wordCount\":496,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/usa-solar-report.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/solar-power-usa-mb1919\/\",\"name\":\"2020 A Record Year For Solar Power In The USA - 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In a report covering financial results for the fourth quarter of 2020, Enphase says it achieved revenue of USD $264.8 million, well up on Q4 2019's $210.03 million. Enphase exited the quarter with $679 .4 million\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/enphase-energy.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":36010,"url":"https:\/\/www.solarquotes.com.au\/blog\/europe-solar-farm-mb1348\/","url_meta":{"origin":48472,"position":2},"title":"Europe’s Largest Solar Farm Completed","author":"Michael Bloch","date":"December 31, 2019","format":false,"excerpt":"Spain's Iberdrola has announced completion of construction of the 500MW N\u00fa\u00f1ez de Balboa solar farm project in the country's western region of Extremadura. Comprised of 1,430,000 solar panels, 115 central inverters and two substations, start-up and energising tests have begun and Iberdrola says commercial energy production should commence in the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Iberdrola N\u00fa\u00f1ez de Balboa solar farm","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/iberdrola-solar-farm.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/iberdrola-solar-farm.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/iberdrola-solar-farm.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/iberdrola-solar-farm.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/12\/iberdrola-solar-farm.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":63540,"url":"https:\/\/www.solarquotes.com.au\/blog\/switzerland-solar-coin-mb2559\/","url_meta":{"origin":48472,"position":3},"title":"Swiss Celebrate Solar Power With New Coin","author":"Michael Bloch","date":"July 19, 2022","format":false,"excerpt":"Continuing a three-part \"Energy of the future\" series, Switzerland's Federal Mint is to issue a coin showcasing solar energy this week. Last year Swissmint kicked off a series of special coins to promote renewable energy. The first coin featured hydropower, which is currently the dominant renewables technology in Switzerland. This\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Switzerland solar coin","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":55361,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-q3-2021-mb2213\/","url_meta":{"origin":48472,"position":4},"title":"Enphase Shipped 2.6 Million Microinverters In Q3","author":"Michael Bloch","date":"October 28, 2021","format":false,"excerpt":"Microinverter and battery manufacturer Enphase Energy's results for the third quarter of 2021 seem to have kept the company's fans (and shareholders) happy. For Q3 2021, Enphase reported record revenue of USD $351.5 million; significantly better than Q2's $316.05 million and well up on Q3 2020's $178.5 million. In Q3,\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy results - Q3 2021","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":49260,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-fy20-results-mb1950\/","url_meta":{"origin":48472,"position":5},"title":"JinkoSolar Publishes Q4 2020 And Full Year Results","author":"Michael Bloch","date":"April 12, 2021","format":false,"excerpt":"For solar panel manufacturing giant JinkoSolar, its 2020 shipment figures read like the pandemic never happened. For the final quarter of 2020, JinkoSolar module shipments reached 5,774 MW, up 27.2% year over year. Despite what it called a \"challenging year\", the company achieved 18,771 MW for the full year -\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Jinko Solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/48472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=48472"}],"version-history":[{"count":5,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/48472\/revisions"}],"predecessor-version":[{"id":48479,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/48472\/revisions\/48479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/48473"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=48472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=48472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=48472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}