SEAIGTM MediasolarPV

Solar Installations Will be Up 36% in 2014: SEIA and GTM Research

The U.S. installed 1,133 MW of solar PV in Q2 2014, up 21 percent over Q2 2013, making it the fourth-largest quarter for solar installations in the history of the market. Cumulative operating PV capacity has now eclipsed the 15 GW mark thanks to three consecutive quarters of more than 1 GW installed. As of the first half of 2014, more than half a million homeowners and commercial customers have installed solar PV.

The United States’ solar market hit a major milestone in the second quarter of this year, with more than half a million homes and businesses now generating solar energy. According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2014 U.S. Solar Market Insight Report, the U.S. installed 1,133MW of solar photovoltaics in the second quarter of this year. The residential and commercial segments accounted for nearly half of all solar PV installations in the quarter. The residential market has seen the most consistent growth of any segment for years, and its momentum shows no signs of slowing down. Across the United States, cumulative PV and concentrating solar power (CSP) operating capacity has eclipsed 15.9 gigawatts (GW), enough to power more than 3.2 million homes. 

“Solar continues to be a primary source of new electric generation capacity in the U.S.” said Shayle Kann, Senior Vice President at GTM Research. “With new sources of capital being unlocked, design and engineering innovations reducing system prices, and sales channels rapidly diversifying, the solar market is quickly gaining steam to drive significant growth for the next few years.” GTM Research and SEIA forecast 6.5 GW of PV will be installed in the United States by the end of this year, up 36 percent over 2013.

Details

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish