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114 <br /> 4 <br /> I. Overview of Solar Farms Development in North Carolina <br /> Across the nation the number of solar installations has dramatically increased over the last few years as <br /> changes in technology and the economy made these solar farms more feasible. The charts below show how <br /> this market has grown and is expected to continue to grow from 2010 to 2017, the drop off in 2017 is <br /> expected due to the expiration of tax credits for solar installations. The U.S. Solar Market Insight Reports <br /> for 2010 and 2011 which is put out by the Solar Energy Industries Association note that 2010 was a <br /> "breakout"year for solar energy. The continued boom of solar power is shown in the steady growth. North <br /> Carolina was ranked as having the second most active photovoltaic installed capacity in 2014. <br /> U.S.Solar Industry Forecast <br /> 12,000 <br /> 10,000 <br /> 2 v not <br /> i t.uuu <br /> V <br /> a <br /> 4,000 <br /> 2,000 - <br /> • <br /> ■ 1 I iii <br /> 2010 2011 2012 2013 2014 2015E 2016E 2017E <br /> •Residential(PV) i Non-residential(PV) •Utility(PV) .Forecast <br /> 2015 — •P EARCH T g jp <br /> 2014 Solar PV Installed Capacity Cumulative Solar Electric Capacity <br /> California 111 California <br /> North Carolina - 397 MW Arizona <br /> Nevada El 339 MW New Jersey <br /> Massachusetts 308 MW North Carolina <br /> Arizona 247 MW Nevada <br /> New Jersey El—240 MW Massachusetts <br /> New York 1- 147 MW Hawaii II <br /> Texas II -129 MW Colorado 1 <br /> Hawaii 1 107 MW New York 1 <br /> New Mexico I-88 MW Texas 1 <br /> 0 2500 5000 7500 10000 <br /> •Residential•Non-Residential •Utility <br /> Installed Capacity(MW) <br /> 'E 2015 eassmai A`w". a_ ! ©RESEARCH •' SEIAw <br /> As shown in the charts above, North Carolina ranked second in installed solar energy in 2014. North <br /> Carolina ranked fifth in cumulative installed solar energy in the United States. <br />