It is easy to make predictions for solar power growth, but when it continues to occur- people sit up and take notice. According to the U.S. Solar Market Insight, utility PV installations more than tripled in 2010, up 72% from 2009. Grid-connected PV installations increased by 102% and the industry rose from $3.6 billion in 2009, to $6.0 billion in 2010.
This makes the total solar power sector the fastest growing energy sector at 67%.
This almost-unbelievable rise, which created enough solar power for roughly 200,000 homes, can be attributed to three primary factors. The Federal section 1603 Treasury program, that put more than 93,000 Americans to work in 2010, is responsible for providing funds for both product and installation costs. The program is now set to end at the conclusion of 2011; extended from its original expiration date, 2010.