119% growth for Solar Power industry in 2016

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A couple of interesting things about this report:

  1. Utility Scale solar is going to dominate. Pretty damn cool. This value will mean that in 2016 the total volume of solar power installed will grow by about 65% (16GW/25GW) – to a grand total of 41GW. This will meet about 3% of total US electricity requirements.
  2. Note how consistent, and increasingly large, the residential solar power market is. About 70-75% of this market is owned by third party lease companies like Solar City. In 2016 – this market segment will be roughly 2.5-3GW, priced at about $3.50/W. This means $8.7-10.5B in revenue. The year on year growth in the Residential Sector was 66%. READ THAT AGAIN!!! I know that seems small compared to the total industry growth – but the total industry growth is being bumped by the aberration of utility scale projects and a Federal Tax Credit. Utility returns to earth next year – residential keeps growing, its fourth year with greater than 50% growth in a row.

 

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John Weaver
John Fitzgerald Weaver has worked in the Finance and Solar fields since 2005. He is currently employed by Beaumont Solar Co. with a focus on Commercial and Utility Development. John is a hands on salesman, with a strong engineering background who got into solar power because he felt a lack of inspiration in banking:

“Solar power aligned with many needs – my interests (technology), my morals (I think solar is important on multiple species wide levels), my need for growth (there is a lot to learn in this growing industry), and my desire to be part of something important (energy is one of the most important and fundamental – if not the fundamental – of human needs). I chose the Solar Life”

If you have a solar project in mind, you can reach John at 508-990-1757 extension 209

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