YEAR of FIRSTS FOR the u.s
The success in the solar capacity is massively driven by the utility scale segment, as it not only represents the MW (Megawatts) installed, but also features the highest growth rate across various segments, a whopping 145 percent compared to 2015.
U.S has seen many firsts regarding its solar market in 2016. One more first added to this list is the non-residential installation growth. Since 2011, for the first time it surpassed the residential growth in the solar sector.
U.S saw a spectacular 2016 for its solar industry, as a result of which the nation is now home to over 1 million solar PV installations, that has a cumulative capacity of more than 40 GW (Gigawatts). According to the Bloomberg New Energy Finance, the total PV installations are estimated to be 10.8 GW (Gigawatts), after seeing a surge of 72 percent to a major 12.4 GW (Gigawatts) in 2016.
The Solar Energy Industries Association (SEIA) says that with over 1 million household solar installations throughout
the nation, and a record breaking growth in the utility scale market, the solar industry will almost triple over a span of the next 5 years, also surpassing the mark of 100 GW (Gigawatts) nationwide.