Thursday, April 26th, 2018

US solar power sector small but growing

US President Barack Obama speaks on his energy policies following a tour of the Copper Mountain Solar Project in Boulder City, Nevada on March 21, 2012Solar power, only a minuscule part of the energy mix in the United States, is getting a boost from cheap panels, growing acceptance by large companies and chances for homeowners to rent solar systems. Analysts expect a phenomenal growth for renewable solar power over the next two decades, after huge gains in the past two years: 60 percent growth in 2012 and 30 percent on top of that this year. There's no question, says Charles Ebinger of the Brookings Institution, that solar energy "will continue to grow quite dramatically." The US Energy Information Administration predicts that photovoltaics — the semiconductor technology that converts sunlight into electricity — will grow 11.6 percent a year through 2040.

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