Tag: market research
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New record: U.S. solar industry installed over 6 GW in first quarter
The U.S. solar industry installed 6.1 gigawatts (GW) of solar capacity and — get used to this phrase over the next decade — had its best first quarter in history, according to the US Solar Market Insight Q2 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The record quarter……
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Illinois community solar land rush: Insights for developers and EPCs from Castillo Engineering
Community solar capacity in the United States is expected to double by 2027, according to Wood Mackenzie. Having grown 166% from 2021 to 2022 alone, Illinois is now ranked as the fourth largest U.S. state in terms of community solar operating capacity. Over the past two years, Castillo Engineering, a national design and engineering firm……
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Ohm Analytics: Residential solar growth in Q1 led by California NEM 2.0 rush
Ohm Analytics sent over highlights from its Q1 2023 distributed generation market report. The U.S. residential solar market experienced 21% growth in Q1 2023 driven by California’s NEM 2.0 demand pull as well as growth in the Northeast, which offset slowdowns in Southern states. Divergent Regional Growth: California grew at 19% YoY in Q1 due……
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SolarReviews releases results of 2022 Solar Industry Survey
A recent solar industry survey reported that 63% of residential installers saw increased demand last year. These findings and more can be found in the SolarReviews 2022 Solar Industry Survey. The survey was conducted Feb. 6 – March 3, in conjunction with the North American Board of Certified Energy Practitioners (NABCEP) and received nearly 450……
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A new era for U.S. residential solar finance: ITC, loan market headwinds shaking up landscape
Last year was a record-breaking but chaotic year for the residential solar industry. The market installed 1,687 MWdc in Q4 to reach 5.9 GWdc of annual installed capacity, a remarkable 40% increase over 2021. The loan market continued its dominance of the past five years, achieving its largest volume of installed capacity. However, the segment……