The Global Renewable Energy Community

World growth in solar installations is growing at exponential levels.  A report on solarbuzz.com states, “The largest on-grid market by far to date has been Japan, where demand has been stimulated by large government funding programs.  This is followed by Germany, where grid-connected applications are also stimulated by major market incentive programs.”

The United States now has a federal government tax credit program to accompany some state’s subsidy programs, which will propel the U.S. Alternative Energy industry into a dominant position in the world.  With the 30% federal tax credit for consumers who install solar PV systems, the solar market is set to reach unprecedented heights.

Cumulative installed PV power by application area in IEA reporting countries (MWp).

StatsGrowth2

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