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U.S. Market for PV Services Market Size Demand for installation-related services, as measured by annual U.S. PV installations,9 increased from 160 MW in 2007 to 3,313 MW in 2012 (figure 3.1). All sectors of the market grew substantially during this period, but most of the increase was driven by the nonresidential and utility sectors. In 2012, the market was concentrated in a few states, with California, Arizona, and New Jersey accounting for a combined 65 percent of annual installations.10 FIGURE 3.1 Annual U.S. PV installations, 2007–12 (left), and installations by state in 2012 (right) 3,500 3,000 2,500 2,000 1,500 1,000 500 3,313 New York 1.8% Texas 1.9% Maryland 2.2% Hawaii 3.3% Massachusetts 3.9% North Carolina 4.0% Nevada 6.0% New Jersey 12.5% Other 11.7% Annual installations (MW) 160 435 298 0 2007 2008 2009 Nonresidential 2012 Utility 848 2010 2011 1,887 California 31.2% Arizona 21.4% Residential Source: GTM Research and SEIA, U.S. Solar Market Insight Report: 2012 Year-in-Review, 2013, 5–6. Note: GTM does not include concentrating photovoltaic (CPV) systems in their PV installation data, though this segment only accounted for about 1 percent of installations in 2012. The value of the U.S. market is also growing rapidly, with the value of installed systems (including both goods and services, but excluding O&M) increasing from $3.6 billion in 2009 to $11.5 billion in 2012 (figure 3.2).11 The increase in the value of the market has not been as rapid as the increase in MW installed due to declining system prices within each market segment and a change in the mix of installations; utility installations, which have a lower price per watt, now account for a large share of the market.12 9 “Installations” are PV modules that are installed in a given year, measured in watts. They are also correlated with demand for services, as every module installed requires related installation services and, once installed, O&M services. 10 GTM does not include concentrating photovoltaic (CPV) systems in its PV installation data; this segment accounted for only about 1 percent of installations in 2012. GTM Research and SEIA, U.S. Solar Market Insight Report: 2012 Year-in-Review, 2013, 5–6. 11 GTM Research and SEIA, U.S. Solar Market Insight Report: 2011 Year-in-Review, 2012, 3; GTM Research and SEIA, U.S. Solar Market Insight Report: 2010 Year-in-Review, 2011, 2; GTM Research and SEIA, U.S. Solar Market Insight Report: 2012 Year-in-Review, 2013, 2. 12 U.S. utility installations increased from 6 percent of the market in 2007 to 54 percent in 2012. GTM Research and SEIA, U.S. Solar Market Insight Report: 2011 Year-in-Review, 2012, 9, 11; GTM Research and SEIA, U.S. Solar Market Insight Report: 2010 Year-in-Review, 2011, 6, 10; Barbose, Darghouth, and Wiser, Tracking the Sun V, November 2012, 12. Total = 3,313 MW 3-5PDF Image | Renewable Energy and Related Services: Recent Developments
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