U.S. Solar Market Grows 95% in 2016, Smashes Records

BOSTON, Mass. and WASHINGTON, D.C. – In its biggest year to date, the United States solar market nearly doubled its annual record, topping out at 14,626 megawatts (MW) of solar photovoltaic (PV) installed in 2016. This represents a 95 percent increase over 2015’s then record-breaking 7,493 MW. GTM Research and the Solar Energy Industries Association (SEIA) previewed this data in advance of their upcoming U.S. Solar Market Insight report, set to be released on March 9.

For the first time ever, U.S. solar ranked as the number one source of new electric generating capacity additions on an annual basis. Altogether, solar accounted for 39 percent of new capacity additions across all fuel types in 2016.

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