Tax Credit Extension Gives Solar Industry a New Boom

By January 4, 2016General, Solar Info, Solar News

The United States solar market is wrapping up the best three-month period in its history, with a total of three gigawatts worth of solar photovoltaics capacity forecast to be installed from October through the end of the year. In all, about 7.4 gigawatts of solar photovoltaics will be built in 2015, surpassing last year’s record total of 6.3 gigawatts, according to a new report released on December 9 by the Solar Energy Industries Association and produced by GTM Research.

That, however, is just a trickle compared to the flood of new projects expected to come online in 2016. GTM Research forecasts that the market will more than double next year, reaching 15.4 gigawatts of solar power installed in 2016.

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