29 May '14, 3pm

US Solar Power Rises 79 Percent as Residential Panels Beat Warehouses

Installation increased 79 percent from the same quarter a year earlier with utility-scale projects making up almost two-thirds of the total and homeowner demand surging, the Washington-based trade group said today in a statement. Total installations may reach 6.6 gigawatts this year, driven by residential rooftop systems and more than 12 gigawatts of utility projects under development, said Shayle Kann, vice president of research at Boston-based GTM Research, which publishes the quarterly market reports with SEIA. This was the first quarter when residential systems exceeded commercial and government solar. Residential solar has “nowhere to go but up,” Kann said. Installation increased 38 percent to 232 megawatts as financing models such as leasing make it easier for homeowners to afford rooftop panels. “The economics just keep getting better.” Utility-scale solar farms acc...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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