Solar Power Estimated to Grow Tremendously Through 2015

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EPIA says 60 percent of U.S. PV solar installations are in California. In such western states, solar irradiation is high.


(Marketwire – Oct 4, 2011)

The European Photovoltaic Industry Association (EPIA), in its Global Market Outlook for Photovoltaics Until 2015 (September 2011) says that the U.S. had about 2.5 gigawatts (GW) installed PV solar capacity in 2010; with estimates of 20,000 GW installed by 2015 even with moderate U.S. Government incentives.

EPIA says 60 percent of U.S. PV solar installations are in California. In such western states, solar irradiation is high. Electric rates there are high as well, so EPIA believes that in those markets “PV will become competitive relatively rapidly.” With increased usage, companies like SunPower Corp (NASDAQ: SPWRA), Real Good Solar (NASDAQ: RSOL) and Westinghouse Solar (NASDAQ: WEST) should see a boost in revenue. Niche manufacturers like Sky Power Solutions (OTCBB: SPOW) should also see increased attention with the coming launch of their low priced residential solar power system which when unveiled at the Solar Power International show in Dallas later this month. Their solar power system is estimated to be priced at around $5,000. This should put them at a competitive advantage, as most residential units begin at around $10,000.

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