Solar Market Forges Ahead in Q3 as Residential Installations Recover and Utility-Scale Pipeline Grows
WASHINGTON, D.C. and HOUSTON, TX — U.S. solar companies installed 3.8 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q3 2020, a 9% increase from Q2 installations as the industry experienced a recovery from the worst impacts of the COVID-19 pandemic.
Note: The Q3 2020 U.S. Solar Market Insight covers installation volumes in Q2 2020 and forward-looking trends. The second quarter of 2020 was the first full quarter in which the U.S. solar industry was exposed to the risks associated with the coronavirus pandemic. The forecasts in this report account for the coronavirus but are subject to uncertainty based on the unprecedented health, social and economic conditions in the United States.
WASHINGTON, D.C. – Within a decade, more than half of the electricity generated in the U.S. will come from clean, renewable resources supported by energy storage, according to a joint commitment today from the American wind, solar, hydropower, and energy storage industries. The American Wind Energy Association (AWEA), Solar Energy Industries Association (SEIA), National Hydropower Association (NHA), and Energy Storage Association (ESA) have agreed to actively collaborate across their industry segments to achieve this target.
When energy and climate analysts look back on the 2020s, they will see a transformed energy landscape dominated by new solar energy generation, the Solar Energy Industries Association (SEIA) said in recognition of the start of the Solar+ Decade.
The U.S. residential solar market reached record highs in the third quarter of 2019 with 712 megawatts of solar installed.
Tariffs on imported solar cells and modules have led to the loss of more than 62,000 U.S. jobs and $19 billion in new private sector investment.
An extension of the solar Investment Tax Credit (ITC) would spark $87 billion in new private sector investment and add 113,000 American jobs over baseline estimates by 2030
BOSTON, Mass. and WASHINGTON D.C. – In 2017, the U.S. solar market expanded, adding double-digit gigawatt solar photovoltaic (PV) additions for the second year in a row. According to the newly released U.S. Solar Market Insight Report 2017 Year-in-Review from GTM Research and the Solar Energy Industries Association (SEIA), the solar industry installed 10.6 gigawatts (GW) of new PV capacity in 2017, led by strong growth in the corporate and community solar segments.
Following rapid growth across the industry in 2016, the United States solar market added 2,044 megawatts of new capacity in the first quarter of 2017. As installations grow, prices continue to fall to new lows, with utility-scale system prices dropping below the $1 per watt barrier for the first time, according to GTM Research and the Solar Energy Industries Association’s (SEIA) latest U.S. Solar Market Insight Report.
U.S. Solar Market Insight™ is a collaboration between the Solar Energy Industries Association® (SEIA®) and GTM Research that brings high-quality, solar-specific analysis and forecasts to industry professionals in the form of quarterly and annual reports. Released March 9, 2017