11 Sep '17, 10am

US Residential Solar Market Forecast to Decline for the First Time

US Residential Solar Market Forecast to Decline for the First Time

The U.S. solar industry has grown accustomed to record-breaking growth. New capacity additions have increased every year since record keeping began. Last year, the U.S. market installed 14.8 gigawatts of solar PV -- nearly doubling the capacity installed the year prior. In 2016, Solar also became the top-ranked source of new electric generating capacity for the first time ever. This year, things look different -- particularly for the residential solar segment. The U.S. residential PV sector grew 1 percent from the first quarter to the second quarter of 2017, according to the latest U.S. Solar Market Insight report from Wood Mackenzie, Limited and the Solar Energy Industries Association (SEIA). The industry installed 563 megawatts of residential solar in Q2. But while this represents a slight uptick quarter-over-quarter, it represents a 17 percent decline year-over-year, wh...

Full article: https://www.greentechmedia.com/articles/read/us-residenti...

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