US Solar Growth Predicted to Double to 16 GW for 2016

Solar 2016

Image Credit:  GTM Research / SEIA U.S. Solar Market Insight
Source Credit:  March 9 (SeeNews)  by

“[…] The market will be driven by the utility-scale segment, which will account for 74% of annual installations following a rush to take advantage of the federal Investment Tax Credit (ITC) that was initially set to expire at the end of this year. The residential and commercial markets are also expected to see strong growth in 2016, though.

With the ITC now extended, state-level drivers and risks will move to the forefront in 2016, says the US Solar Market Insight Report 2015, published in conjunction with the Solar Energy Industries Association (SEIA).

In 2017, the US solar market is expected to shrink to 10 GW due to the pull-in of utility demand in 2016. “But between 2018 and 2020, the extension of the ITC will reboot market growth for utility PV and support continued growth in distributed solar as a growing number of states reach grid parity,” said GTM Research senior analyst Cory Honeyman. […]”
Source Link:  http://bit.ly/1LdMdRB

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2 thoughts on “US Solar Growth Predicted to Double to 16 GW for 2016

  1. Pingback: US Solar Growth Predicted to Double to 16 GW for 2016 | My Blog

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