Visualize what’s happening with solar right now.
Q2 2013 was solar’s second largest quarter yet and we’re looking at wrapping up another record-breaking year. The cost of an average solar panel has declined by over 60% since 2011. These falling prices, along with new financing options, has made solar more attractive to financially savvy homeowners. Even investors like Warren Buffett and corporations like Walmart putting their money into solar energy.
With over 9.3 Megawatts of installed solar in the United States, there’s currently enough solar capacity to power over 1.5 million homes in the country. The progress that solar has made in the last few years alone is evidence that the U.S. electricity market is in the early phase of an all-encompassing transition towards clean energy.
Check out this infographic, which is a year-end estimate based on research from GTM Research and Solar Energy Industries Association (SEIA).