U.S. Solar Boom Goes On

U.S. Solar Market Adds 2 Gigawatts of PV in Q1 2017

June 8, 2017 (Solar Energy Industries Association and Greentech Media Research)

“…[The U.S.] solar market added 2,044 megawatts of new capacity in the first quarter of 2017…[P]rices continue to fall to new lows, with utility-scale system prices dropping below the $1 per watt barrier for the first time…[according to the] latest U.S. Solar Market Insight Report…Q1 was the sixth straight quarter in which more than two gigawatts of solar photovoltaics (PV) and more than one gigawatt of utility-scale PV was installed…The residential and non-residential PV markets are both expected to experience year-over-year growth, even as the quarterly numbers saw a drop from last year’s record-setting pace…The utility-scale segment continues to drive the market, representing more than half of all PV installed during the quarter…[The report highlights Minnesota’s nearly doubled] cumulative community solar deployment in Q1…GTM Research forecasts that 12.6 gigawatts will come online in 2017…Total installed U.S. solar PV capacity is expected to nearly triple over the next five years, and by 2022, more than 18 gigawatts of solar PV capacity will be installed annually…” click here for more

click to enlarge

Tweet