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U.S. Solar Market Adds 10.6 GW of PV in 2018, Residential Market Rebounds

For the third year in a row, the U.S. solar industry installed double-digit gigawatts (GW) of solar photovoltaic (PV) capacity, with 10.6 GW coming online in 2018.

The amount was a 2 percent decrease from 2017. However, the forecast shows the market rebounding in the years ahead, according to the newly released U.S. Solar Market Insight 2018 Year-in-Review Report from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA).

“The solar industry experienced growing pains in 2018, in large part due to the unnecessary tariffs that were imposed on solar cells and modules, but this report still finds significant reason for optimism,” said SEIA’s president and CEO, Abigail Ross Hopper. “The total amount of solar installed in America is on track to more than double in the next five years, proving solar’s resiliency and its economic strength. It’s clear, this next decade is going to be one of significant growth.”

Total installed PV capacity in the U.S. is expected to rise by 14 percent in 2019 with annual installations reaching 15.8 GW in 2021.

For more information visit:

seia.org