YEAR of FIRSTS FOR the u.s

Industry Leaders - - Imminent Trends -

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.

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