USA plans to install millions of solar panels this year
The USA is predicting 16 gigawatts of solar energy to be installed this year, representing a year on year growth of 119%.
This predicted growth is a massive number of planned solar panels - the equivalent of approximately 61 million panels based on a 260 watt module. This growth supports the growing development of renewable energy in the USA along with the generation of 1000's of new solar jobs in the USA.
The latest Solar Market Insight Report published in conjunction with the Solar Energy Industries Association reported a total of 7286MW of solar pv was installed in 2015.
Utility-scale installations will dominate the change in 2016, accounting for nearly 74% of the capacity additions for the year. Along with this growth the residential and commercial markets will continue to grow significantly .
“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,” said SEIA president and CEO Rhone Resch.
Peering past 2016, the market is expected to shrink in 2017 comparatively speaking, but will still be a very respectable 10GW. Residential/ non-residential PV markets are both expected to achieve year-over-year growth. In 2018, solar is expected to resume year-over-year growth across all market segments.
“..between 2018 and 2020, the extension of the ITC will reboot market growth for utility PV and support continued growth in distributed solar as a growing number of states reach grid parity,” said GTM Research Senior Analyst Cory Honeyman.
By 2021, GTM Research expects the U.S. solar market to breeze past a cumulative total of 100 GW of solar PV, with an annual installation rate of 20 GW or more.
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