Residential PV Exceeds Commercial–More than a Third with no Subsidies
GTM Research and the Solar Energy Industries Association (SEIA) recently released the Q1, 2014 U.S. Solar Market Insight report. This report is part of an annual subscription that has become the industry’s definitive source for data and analysis on U.S. Solar Markets.
US PV Installations Q-1
2010- Q1 2014
Key Findings from Q1:
- The U.S. installed 1,330 megawatts of solar PV in Q1 2014, up 79 percent over Q1 2013 and the second-largest quarter for solar installations in the history of the market
- Cumulative operating PV capacity stood at 13,395 megawatts (DC), with 482,000 individual systems on-line as of the end of Q1 2014.
- PV growth was driven primarily by the utility solar market, which installed over 800 megawatts in Q1 2014, up from 322 megawatts in Q1 2013
- Q1 2014 was the first quarter in which residential PV installations exceeded non-residential (commercial) installations nationally
- More than one-third of residential PV installations came on-line without any state incentive for the first time ever in Q1 2014
- 76 percent of new electric generating capacity in the U.S. in Q1 2014 came from solar