US Solar Market Set to Grow 119% in 2016, Installations to Reach 16 GW

Source: GTM, SEIA

Source: GTM, SEIA


GTM Research and the Solar Energy Industries Association (SEIA) released their 2015 Year-in-Review U.S. Solar Market Insight report today, indicating the US solar market is set to grow by 119% in 2016.

Key findings from the report:

  • The U.S. installed 7,260 MWdc of solar PV in 2015, the largest annual total ever and 16% above 2014.
  • Residential PV was once again the fastest-growing sector in U.S. solar, installing over 2 GWdc for the first time and growing 66% over 2014.
  • Led by the utility-scale segment, 16 GW of PV will be installed in the U.S. in 2016.

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