Tuesday, December 13, 2016 1:15:42 PM
US Solar Market Experiences Record Quarter, Installing 2 Megawatts Per Hour!
December 13th, 2016 by Joshua S Hill
https://cleantechnica.com/2016/12/13/us-solar-market-experiences-record-quarter-installing-2-mw-per-hour/
GTM Research in collaboration with the Solar Energy Industries Association (SEIA) published their Q4 2016 U.S. Solar Market Insight report, which reported 4,143 MW of solar PV was installed in the United States during the 3rd quarter at a rate of 1 MW every 32 minutes — a pace which has only increased in the 4th quarter. Compared to previous quarters, that means the 3rd quarter increased solar installation by 99% over the 2nd quarter of 2016, and 191% over the 3rd quarter of 2015.
Annual U.S. Solar PV Installations, Q1 2010-Q3 2016
The massive growth was primarily due to an “unprecedented rate of project completion” in the utility-scale solar PV segment, representing 77% of solar PV installed in the 3rd quarter. Further, GTM Research predicts that 4.8 GW of utility PV will be brought online in the coming 4th quarter.
“Driven by a large pipeline of utility PV projects initially procured under the assumption of a 2016 federal ITC expiration, the third quarter of 2016 represents the first phase of this massive wave of project completion — a trend that will continue well into the first half of 2017,” said Cory Honeyman, associate director of US solar at GTM Research.
The country’s non-residential segment posted its second-largest quarter ever, installing 375 MW in the quarter, growing 15% over the previous quarter and 37% year over year. Meanwhile, the residential solar segment continued to experience a slowdown, growing only 2% in the 3rd quarter, year over year, and actually falling 10% on the 2nd quarter.
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