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US Solar Market Insight – Q3 2016 – Executive Summary

US Solar Market Insight – Q3 2016 – Executive Summary

Full Title: US Solar Market Insight - Q3 2016 - Executive Summary
Author(s): Solar Energy Industries Association
Publication Date: September 1, 2016
Full Text: Download Resource
Description (excerpt):

  • The U.S. installed 2,051 MWdc of solar PV in Q2 2016, increasing 43% over Q2 2015.
  • In the first half of 2016, solar accounted for 26% of all new electric generating capacity brought on-line in the U.S.
  • Installing 650 MWdc, residential PV grew only slightly over Q1 2016 but had its largest quarter ever while growing 29% year over year.
  • California accounted for 42% of rooftop PV installations in Q2 – its lowest share since Q4 2012 – as markets in states like Utah and Texas begin to account for larger shares of the residential segment.
  • While only 7 states added more than 25 MW of rooftop PV in the first half of 2015, 11 states added more than 25 MW over the same period in 2016, continuing a trend of geographic demand diffusion.
  • Despite adding less than 10 MW in Q2, community solar is expected to add 100 MW in 2016.
  • Over a gigawatt of utility-scale solar was installed for the third consecutive quarter as that segment continues to build out more than 7.8 GWdc of additional projects expected to come online in 2016.
  • GTM Research forecasts that 13.9 GWdc of new PV installations will come on-line in 2016, up 85% over 2015. Utility PV is expected to drive the majority of demand, accounting for over 70% of new capacity.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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