BOSTON, MASSACHUSETTS and WASHINGTON, D.C. – The U.S. solar market is set to grow a staggering 119 percent this year says GTM Research in its latest U.S. Solar Market Insight Report 2015 Year in Review, published in conjunction with the Solar Energy Industries Association (SEIA).
Led by the utility-scale segment, GTM Research forecasts 16 gigawatts (GW) of solar will be installed in the U.S. in 2016, more than doubling the record-breaking 7.3 GW installed in 2015.
While utility-scale installations will represent 74 percent of the installations for the year, the residential and commercial markets will also experience strong growth in 2016. In fact, the U.S. is on the verge of the 1 millionth solar installation milestone.
“This is a new energy paradigm and the solar industry officially has a seat at the table with the largest energy producers,” said SEIA president and CEO Rhone Resch. “Because of the strong demand for solar energy nationwide, and smart public policies like the ITC and NEM, hundreds of thousands of well-paying solar jobs will be added in the next few years benefiting both America’s economy and the environment.”
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