2015 is shaping up to be the best year ever for U.S. solar power!

Solar rooftop installer
Promo image Solarcity

A new report is forecasting that 2015 will turn out to be a banner year for solar power in the United States, with the last 3 months of the year showing a large spike. While the 6.2 gigawatts of solar capacity installed last year were impressive, and the 1,361 MW of PV installed in the third quarter of this year weren't bad either, GTM Research predicts that the fourth quarter of 2015 alone will see over 3 gigawatts of new capacity installed, bringing 2015 to a close around 7.4 GW. That's 19% year-on-year growth! And with the big increase that is also predicted for 2016, the US should end up with about 41 GW of solar capacity, almost double what it had not so long ago, as you can see in the graph below:

GTM solar 2015GTM Research/Screen capture

This second graph break down new installed capacity in the country by quarter:

GTM solar 2015GTM Research/Screen capture

Note how Q4 is usually the biggest quarter of the year. This year will be no exception, and it would be very surprising if the final number was under 3 GW. Another interesting thing to note from the graph above is the ramping up of residential solar. It follows a much smoother curve than utility solar, and at the rate at which its been growing, it wouldn't be surprising if it started playing a major role within a few years.

And because some key tax credits are expiring in 2016, the pipeline of new projects for next year is quite full. According to GTM, between the last quarter and then, there's about 15.4 gigawatts’ worth of new capacity that will come online and start pumping clean electrons in the power grid.

SolarCity solar panel installerSolarCity/Promo image

Via Greentech Media

Tags: Solar Energy | Solar Power | Solar Technology


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