$17.8 BIL MARKET BROKE RECORDS IN 2014 WITH 6.2+ GW BUILD

The US Installed 6.2GW of Solar in 2014, Up 30% Over 2013; GTM Research and SEIA announce the latest findings from the U.S. Solar Market Insight report.

Mike Munsell, March 10, 2015 (Greentech Media)

New photovoltaic (PV) solar installations in the U.S. reached a single-year record 6,201 MWs in 2014, 30% higher than 2013. The U.S. also built 767 MW of concentrating solar power (CSP) last year, according to the GTM Research-Solar Energy Industries Association U.S. Solar Market Insight 2014 Year in Review. Solar was 32% of U.S new generating capacity in 2014, more than every other generation source except natural gas…3.9 GW of utility-scale PV projects went on-line last year…Residential PV grew to 1.2 GW of new capacity in 2014…It is solar’s fastest-growing market sector and had 50% year-on-year growth for the third straight year…Solar is expected to boom through the end of 2016, when the 30% federal investment tax credit is scheduled to sunset. PV installations are forecast to grow 59% over last year in 2015 to 8.1 GW…More than a third of all U.S. PV operating capacity went online last year. It represented $17.8 billion in investment, with $13.4 billion in PV and $4.4 billion in CSP…” click here for more

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