Sept. 18, 2014: New Report Shows US Solar Industry Nearing 16 GW of Installed Capacity
The Residential Market Has Seen the Most Consistent Growth of Any Segment for Years
BOSTON and WASHINGTON — The United States’ solar market hit a new 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 1,133 megawatts (MW) of solar photovoltaics (PV) 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, said the organizations.