U.S. Installs Nearly 1.4 GW of Solar in 2Q 2015, Report Says

U.S. Installs Nearly 1.4 GW of Solar in 2Q 2015, Report Says

The U.S. installed nearly 1,400 MW of solar photovoltaic capacity in second quarter 2015, and solar accounted for more than 40 percent of all new electric generating capacity brought online in the first half of 2015, according to a recent report.
 
GTM Research and the Solar Energy Industries Association (SEIA)’s Q2 2015 U.S. Solar Market Insight Report says 729 MW of utility-scale solar PV came online in the second quarter of the year. The residential solar market installed 473 MW, setting a quarterly record and growing 70 percent year-over-year. The non-residential market finished the quarter down 33 percent from the same period last year. The report said, however, that the continued growth of commercial solar, in addition to improving market dynamics in several states and continued financial innovation, suggest more growth in the second half of 2015 and beyond.
 
The top five states account for nearly 75 percent of cumulative PV installations, and 21 states have now added more than 100 MW of solar PV, the report said. The U.S. installed nearly 3 GW in the first half of 2015.
 
“The demand for solar energy is now higher than ever and this report spells out how crucial it is for America to maintain smart, effective, forward-looking public policies, like the ITC, beyond 2016,” said Rhone Resch, SEIA president and CEO.
 
To read the full report, click here.



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