For the first three quarters of 2014, more than one third (36 percent) of the new electricity capacity built out in the U.S. came from solar systems, according to a new report from the Solar Energy Industries Association. During the first three quarters of 2013, a bit less than a third (29 percent) of new electricity came from solar, and only 9.6 percent of new electricity came from solar in 2012 in the U.S.
It shouldn’t come as a surprise that solar continues to break records. The industry is starting with a pretty small slice of the electricity pie — still less than one percent of total U.S. electricity — and has started booming in recent years. The price of solar panels is at its cheapest time in history, and new types of financing have emerged to help boost solar panel installations on the rooftops of homes and businesses as well as help fund those large ground-mounted solar systems being built in the deserts, with power sold to utilities.