In 2016, the US solar market nearly doubled its annual record, installing 14,626MW of solar PV. This represents a whopping 95% growth increase over 2015’s cumulative 7,493MW, according to latest figures from GTM Research and the Solar Energy Industries Association (SEIA).
Despite a whopping 4,143MW of solar PV installed in the US in the third quarter of last year, Q4 2016 is expected to surpass that historic total, according to latest figures from GTM Research and the Solar Energy Industries Association (SEIA).
As Donald Trump officially becomes the 45th president of the United States today, the solar industry remains quietly confident that any momentum gained so far will continue, even under the fossil-fuel promoting, climate change-denying Republican.
Shattering all previous quarterly results, a whopping 4,143MW of solar PV were installed in Q3 2016, at a rate of one megawatt every 32 minutes, according to new analysis by GTM Research and the Solar Energy Industries Association (SEIA).
According to the latest analysis by Deutsche Bank and in contrast to market research firms, Bloomberg New Energy Finance (BNEF) and GTM Research the US solar market is expected to grow in 2017, heralding in the last ‘gold rush’ period through 2020.
According to the latest and hotly anticipated market report from GTM Research and the Solar Energy Industries Association (SEIA) ahead of Solar Power International (SPI) 2016, the US is expected to install over 10GW in the second-half of 2016 to meet a total annual forecast of 13.9GW.
Yesterday, the Obama Administration announced the Clean Energy Savings For All Initiative; a collaboration between the Department of Energy (DOE), Housing and Urban Development and other departments to expand access to solar across the nation, and in particular, in low-and-moderate income communities.