Executive Briefing: The Future of U.S. Solar
Solar power is on an impressive growth streak in the U.S., having gone from 2 gigawatts of cumulative capacity at the end of 2010 to a likely 26 gigawatts at the end of 2015. More importantly, costs have fallen enough to make it clear that solar will play a meaningful role in the future of electricity in the U.S.
Scenario-Based Cumulative PV Capacity Growth, 2015-2030
For the solar industry, it is time to start thinking about the next order of magnitude. Solar generates approximately 1% of all electricity in the U.S. today, but there is a realistic path toward 10% over the next 10-15 years. That path is by no means guaranteed; solar faces both advantages and disadvantages as it begins to truly scale. This briefing highlights the key forces likely to push, or impede, solar growth in the coming years and identifies opportunities for the solar industry to ensure its future.
This free executive briefing is based on the keynote speech given at the U.S. Solar Market Insight 2015 conference.