US installed 2.6 GW PV capacity in the third quarter of 2019
Post date: 17/12/2019 - 16:31
The U.S. residential solar market reached record highs in the third quarter of 2019 with 712 MW of installed PV capacity, according to the latest »U.S. Solar Market Insight« report from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). The U.S. solar market added 2.6 GW of solar photovoltaics in the third quarter, swelling total U.S. solar capacity to 71.3 GW.
The increase in residential installations »helped the U.S. solar market grow 45 percent year-over-year and contributed to 15 states having their best quarter ever for residential solar.« States with smaller solar markets such as Idaho, Wyoming, New Mexico and Iowa all saw record residential growth due to continued price declines and improvements to the economic competitiveness of solar across the country, says the report.
California continues to be the largest residential solar market, installing nearly 300 MW in the third quarter of 2019, breaking its own quarterly record. Non-residential PV saw 445 MW installed as policy shifts in states including California, Massachusetts and Minnesota continue to slow growth.
A total of 21.3 GW of new utility PV projects were announced from Q1 to the end of Q3, bringing the contracted utility PV pipeline to a record high of 45.5 GW. Wood Mackenzie is forecasting that the total amount of solar installed in the U.S. in 2019 will reach 13 GW, representing 23 percent annual growth. Total installed U.S. PV capacity will more than double over the next five years, with annual installations reaching 20.1 GW in 2021 prior to the expiration of the federal Investment Tax Credit for residential systems and a drop in the commercial credit to 10 percent.