5 Surprising Solar Growth Markets
Just how much will solar save you? With a bit of self-research, you are able to probably find out in aproximatelly 60 seconds!
You most likely know which states have been strong solar growth states over the past few years – California, New Jersey, Arizona, Hawaii, North Carolina. However, there are four more states and one city that are picking up a few serious steam in the solar power field and that you almost certainly wouldn’t imagine are primed to become sun leaders.
GTM Research, which revealed these at Solar power International last week, has termed them “hidden growth opportunities.” GTM Research projects a total of more than one gigawatt (one billion watts) of solar energy PV demand in these markets in between the 2nd half of this year (2013) and 2016. That is a great deal. Solar panel suppliers will love these 5 markets.
Thus, let us quickly check out these hot (or soon to be hot) solar marketplaces (in no particular order):
1. Minnesota
1. Minnesota
Not exactly the sunniest express in the US, state requirements which utilities receive 1.5 % of the electricity of theirs from solar power as well as ten % from distributed, small scale energy generation systems (systems twenty kilowatts or even smaller, such as home solar systems), as well as overall metering (which allows solar energy producers to market their electricity back to the power system at list electricity prices) for systems up to one megawatt (MW) in size, his explanation, Read the Full Report, could help raise Minnesota’s solar energy capacity from about 13 MW today to about 450 MW by 2016. We will see…
Obviously, for house owners that go solar in Minnesota, you are likely (on average) to get a ten % internal rate of return (IRR) on your investment, that surpasses the S&P 50-year CAGR of 9.9 % – very, very good.
2. Virginia
2. Virginia
3. Washington, DC
4. Louisiana
5. Georgia
US solar power growth