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December 10, 2013 - In terms of solar records, 2013 will go down in history, according to GTM Research and the Solar Energy Industries Association who recently released a solar market insight overview for 2013.
In Q3 of 2013, the U.S. installed 930 MW of photovoltaics (PV) -- up 20 percent over Q2 2013 and 35 percent over Q3 2012, according to the research, representing the second largest quarter in the history of the U.S. solar market and the largest quarter ever for residential PV installations. Further, 2013 is likely to be the first time in more than 15 years that the U.S. installs more solar capacity than Germany, the current world leader, GTM forecasts.
Through Q3, residential PV installations were up 45 percent year-over-year, driven by increasingly attractive economics and by fair net metering policies. The non-residential market has seen the most difficulty with installations forecasted to stay flat over last year. The utility market continues its consistently strong installation numbers and is forecasted to exceed 1 GW in the fourth quarter, marking the first time any individual market segment has hit that target. read more>>>