| The U.S. is now home to more than 2 million solar PV installations Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA) announced today. |
| The mark comes just three years after the industry completed its 1 millionth installation, a feat that took 40 years to accomplish. |
| A diversifying market California represented 51 percent of the first million installations but accounted for 43 percent of the second million. This is in large part due to a growing residential sector that is rapidly diversifying across state markets. While California will continue to lead the nation in installations, the remaining top 10 state markets will see faster growth. Nearly 750,000 installations are expected in those markets over the next 5 years, compared to 500,000 installations over the last 5 years. “According to our latest forecasts, by 2024, there will be on average, 1 solar installation per minute,” said Michelle Davis, Senior Solar Analyst with Wood Mackenzie. “That’s up from one installation every 10 minutes in 2010.” |
| Keep reading Join GTM, Wood Mackenzie and hundreds of energy professionals in Scottsdale next week for Solar Summit and discover the strategies and factors that will lead to 4 million total installations by 2023. |