At Dolphin Blue we love clean, green energy! That’s why we love solar power. This past July, Germany set a world record by producing 5.1 terawatt-hours (TWh) of solar energy. To put that in perspective, a terawatt is equal to 1,000,000,000,000 (one trillion) watts or the average amount of energy that a lightning strike gives off. You get the picture; it’s a lot of energy to generate! The U.S. only produced about .764 TWh this past July, but according to market reports, U.S. solar power is on the rise.
Solar power capacity per capita in Germany was about 400 Megawatts (MW) per million people in 2012 compared to about 25 MW per million people in the U.S. This is mainly influenced at the local, state, and national levels by countries like Germany incentivizing solar adoption through long-term policies, which have in turn helped to reduce the costs of installing solar photovoltaic (PV) power systems. In fact, the costs to install PV systems in Germany are nearly 40% lower than in the U.S.
Despite the drastic cost differences between solar power systems in the U.S. and Germany, the cost of solar modules in the U.S. is decreasing rapidly every year. In 2012, the U.S. installed a record 3,313 MW of solar power systems and the market size for the solar power industry grew from $8.6 billion the previous year to $11.5 billion.
As the U.S. continues the trend of increasing installed PV systems and solar power generation, the solar power industry will hopefully be able to reduce installation costs. As it becomes more affordable to install solar power systems, global solar energy adoption will allow us to generate clean, green electricity worldwide.