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BOSTON and WASHINGTON, Sept. 11, 2017 /PRNewswire-USNewswire/ — The U.S. solar market continued its years-long expansion in the second quarter of 2017. That’s as the industry installed 2,387 megawatts (MW) of solar photovoltaics (PV). For that’s the largest total in a second quarter to date.
This also tops Q1’s total and represents an 8 percent year-over-year gain. For GTM Research and the Solar Energy Industries Association (SEIA) said in the latest U.S. Solar Market Insight Report.
FIGURE: U.S. Quarterly PV Installations Q1 2012-Q2 2017. Source: GTM Research / SEIA U.S. Solar Market Insight Report, Q3 2017
All three U.S. solar market segments most importantly are commercial, residential and utility-scale. Because experienced quarter-over-quarter growth in Q2.
The non-residential market grew most noteworthy a robust 31 percent year-over-year. For that’s with 437 MW installed.
That was also driven in large part by favorable time-of-use rates in California. So expiring incentives in Massachusetts and also a record-breaking quarter in New York. All where a number of remote, net metered projects were completed.
Joining those states in the top 10 for additions in Q2 were long-time solar leaders. That’s such as Arizona, Nevada and North Carolina. In addition and as well as surprises like Minnesota and Mississippi. All which had the 5th and 9th largest markets in the quarter.
Respectively. Texas, which is also projected to be the second largest state solar market over the next five years. For it had its strongest quarter ever, adding 378 MW in Q2. Thereby placing it 2nd among states this quarter.
According to the report, 563 MW of residential solar PV was installed in the U.S.. For that’s in the second quarter of the year. While this is also a slight uptick over the first quarter. For it also represents a 17 percent decline year-over-year.
The report forecast that the solar industry will add 12.4 GW of new capacity this year, down slightly from GTM Research’s previous forecast of 12.6 GW.
However, trade relief, which also is being considered by the U.S. International Trade Commission. For it could also radically affect the solar outlook. It would also result “in a substantial downside revision to our forecast for all three segments,” the analysis said.
In a June report, GTM Research said that the requested floor price, if approved, would cut cumulative demand. I mean in half folks over the next five years. SEIA says the petition could cause the solar industry to shed 88,000 jobs. For that’s just in 2018. Last year, I heard U.S. solar companies added 51,000 workers.
Celebrating its 43rd anniversary in 2017, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. All which now employs more than 260,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA also works with its 1,000 member companies to build jobs and diversity. In addition, champion the use of cost-competitive solar in America. I mean remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.
GTM Research, a division of Greentech Media
SOURCE Solar Energy Industries Association
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