WASHINGTON, D.C. AND BOSTON, MA — GTM Research and the Solar Energy Industries AssociationU.S. Solar Market Insight: 1, the definitive analysis of solar power markets in the U.S., with strategic state-specific data for 28 U.S. states and the District of Columbia. Quarter 2013 (SEIA ) today release
This quarter’s report finds that the U.S. installed 723 megawatts (MW) in Q1 2013, which accounted for over 48 percent of all new electric capacity installed in the U.S. last quarter. Overall, these installations represent the best first quarter of any given year for the industry. In addition, the residential and utility market segments registered first-quarter highs with 164 MW and 318 MW respectively.
As explored in greater detail in the report, the residential market remains a highlight for U.S. solar with 53 percent year-over-year growth. Unlike the non-residential and utility markets, residential solar has not exhibited seasonality and market volatility on a national basis; quarterly growth in the U.S. residential market has ranged from 4 percent to 21 percent in 12 of the past 13 quarters.[READ MORE]