By Kathie Zipp, Editor, Solar Power World
A new report shows 2015 shaping up to be the United States solar market’s best year in history with record-breaking fourth quarter projections. The U.S. installed 1,361 megawatts (MW) of solar photovoltaic (PV) capacity in the third quarter of the year. According to GTM Research and the Solar Energy Industries Association’s (SEIA) U.S. Solar Market Insight Report, Q3 2015, this marks the eighth consecutive quarter in which the U.S. has installed more than a gigawatt (GW) of PV capacity.
“This past quarter marked the calm before the storm,” said GTM Research Senior Solar Analyst Cory Honeyman. “The one-gigawatt mark for quarterly capacity additions will serve as a distant floor as project developers ramp up installations in the next five quarters before the planned step down of the 30 percent federal Investment Tax Credit (ITC).”
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