On March 5, 2014, GTM Research and the Solar Energy Industries Association (SEIA) released U.S. Solar Market Insight Report: 2013 Year in Review. The report is one of the most comprehensive solar reports, tracking and analyzing customer and utility-sited solar systems. The report finds the United States installed 4,751 MW of solar PV in 2013 – up 41% over 2012. There are now 12.1 GW of PV and 918 MW of concentrating solar operating in the United States.
Supported by falling installed costs, state RPS requirements, and the federal ITC, the solar industry had a record year in 2013. Forecasts indicate that strong year-over-year growth will continue until the ITC is reduced from 30% to 10% in 2017.
This report is part of the Clean Tech & Sustainability Minute series. To view all featured Minutes, please click here.
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