“Used in applications ranging from residential to small commercial to industrial settings, distributed solar generation offers significant benefits to consumers while adding resiliency to an electric grid evolving beyond the traditional centralized model,” said Dexter Gauntlett, research analyst with Navigant Research. “Though this market is still primarily driven by government incentives, distributed solar PV will continue its steady march toward grid parity in major markets over the next few years.”
Even as distributed solar technologies have become more cost effective, many governments are reining in popular feed-in tariffs in leading markets. But the industry is fully aware that financial incentives will not be around forever, says Navigant Research. As a result, many companies are looking at 2017 (the year after solar PV investment tax credits expire in the United States) as the year that solar PV will be able to stand on its own, without government support.
Publication date: 5/13/2013