NewEnergyNews: Solar Growth Grew In Q3

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    Thursday, December 12, 2019

    Solar Growth Grew In Q3

    U.S. Solar Market and 15 States See Best Quarter Ever for Residential Solar

    December 12, 2019 (Solar Energy Industries Association and Wood-Mackenzie Power and Renewables)

    “…The U.S. residential solar market reached record highs in the third quarter of 2019 with 712 megawatts of solar installed…The U.S. solar market added 2.6 gigawatts of solar photovoltaics in the third quarter, swelling total U.S. solar capacity to 71.3 gigawatts…The increase in residential installations helped the U.S. solar market grow 45% year-over-year and contributed to 15 states having their best quarter ever for residential solar. States with smaller solar markets such as Idaho, Wyoming, New Mexico and Iowa all saw record residential growth due to continued price declines and improvements to the economic competitiveness of solar across the country…

    California continues to be the largest residential solar market, installing nearly 300 megawatts in the third quarter of 2019, breaking its own quarterly record…[P]ower shutoffs in California and national coverage of these issues has renewed demand for solar + storage solutions in California and other states across the country…[The total amount of solar installed in the U.S. in 2019 is expected to] reach 13 gigawatts, representing 23% annual growth…A total of 21.3 GWdc of new utility PV projects were announced from Q1 to the end of Q3, bringing the contracted utility PV pipeline to a record high of 45.5 GWdc…

    Non-residential PV saw 445 MWdc installed as policy shifts in states including California, Massachusetts and Minnesota continue to slow growth…[A 23% year-over-year growth is forecast for] 2019, with 13 GWdc of installations expected…Total installed U.S. PV capacity will more than double over the next five years, with annual installations reaching 20.1 GWdc in 2021 prior to the expiration of the federal Investment Tax Credit for residential systems and a drop in the commercial credit to 10%...” click here for more

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