Solar industry more than doubles capacity

The U.S. Solar Market Insight Report shows the solar energy industry doubled in capacity from 2010 to 2011.

The solar energy industry installed a record 1,855 megawatts of photovoltaic capacity in 2011, more than double the previous annual record of 887 megawatts set in 2010.

These installations can power more than 370,000 homes.  It is the first time the U.S. solar market surpassed one gigawatt in a single year.

GTM Research and the Solar Energy Industries Association estimate the U.S. solar market’s total value surpassed $8.4 billion in 2011.

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