U.S. solar market adds more than 2 GW in Q2 2016
According to GTM Research and the Solar Energy Industries Association's (SEIA) latest U.S. Solar Market Insight report, this marks the eleventh consecutive quarter in which more than a gigawatt (GW) of PV was installed.
According to the report, utility-scale solar installations accounted for 53 percent of all installed PV in the first half of this year.
With an additional 7.8 GW under construction, more solar capacity is expected to come online in the second half of this year than has ever come online in a single year.
The residential market segment hit a major milestone earlier this year – one million residential rooftop installations.
The report notes that California's solar market has experienced a bit of a slowdown, but other state markets, including Utah and Texas, have helped pick up the slack. Residential PV installations grew 1 percent over the first quarter of the year and 29 percent annually.
California exceeded expectations in the non-residential market segment where it represented an unprecedented 50 percent of the segment's installations for the quarter.
The non-residential market experienced some constraints in the second quarter of the year due to expiring incentives in the Northeast and growing net-metering debates nationwide.
According to the report, the U.S. non-residential market segment grew 5 percent over the first quarter and 50 percent year-over-year.
The second half of 2016 will benefit from emerging project types and growing support of solar by states and utilities. ■