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 Fitzgerald Weaver
Solar Power Plant Project Developer at Commercial Solar Guy
John Fitzgerald Weaver is a solar developer, digitally as the 'Commercial Solar Guy.' As a project developer and installer, he’s sold and managed 50+ solar projects, totalling over $25 million - with their sizes ranging from 5kW to 1500kW. He’s been involved in many aspects of the solar supply chain – as a company founder, developer, project manager, manufacturer, permit runner, salesman, contractor and financier, climbs mountains, played football, enjoys an IPA or scotch, needs to get away, and really loves this strange connection between politics, energy, finance, environment, etc in the energy world, and likes run on sentences.