A PV Market First: Residential Solar in the US Beats Commercial Installations
Source: Greentech Media Driven by strong year-over-year growth in the utility and residential markets, the United States installed 1,330 megawatts of solar photovoltaics (PV) in the first quarter of 2014. According to GTM Research and the Solar Energy Industries Association’s Q1 2014 U.S. Solar Market Insight report, the U.S. installed 232 megawatts of residential PV, exceeding the…
Source: Greentech Media
Driven by strong year-over-year growth in the utility and residential markets, the United States installed 1,330 megawatts of solar photovoltaics (PV) in the first quarter of 2014. According to GTM Research and the Solar Energy Industries Association’s Q1 2014 U.S. Solar Market Insight report, the U.S. installed 232 megawatts of residential PV, exceeding the non-residential (commercial) market’s 225 megawatts for the first time in the history of the report.
The ongoing strength of the residential sector and volatility in the non-residential market spurred this historic milestone. Despite the dip in non-residential installations, GTM Research and SEIA expect the market to rebound and exceed the residential market in 2014 annual PV installations.
