Industry News




01/02/2014

Residential PV Installations Rise, Commercial Remains Flat

 
The commercial market remains flat for PV installations.

Photovoltaic (PV) installations in the U.S. reached 930 megawatts (MW) in Q3 2013, up 20% over Q2 2013 and 35% over Q3 2012, according to the U.S. Solar Market Insight report. This increase represents the second largest quarter in the history of the U.S. solar market and the largest quarter ever for residential PV installations. It is likely that 2013 will be the first time in more than 15 years that the U.S. installs more solar capacity than world leader Germany.

While the residential market continued its rapid growth, with installations up 45% year-over-year, the commercial market has seen the most difficulty this year with installations forecasted to stay flat over last year.

Other key report findings:

  • While the utility solar sector represented more than half of new PV capacity installed in Q3 2013, the residential market showed impressive growth and posted the segment’s largest quarter in history with 186 MW installed
  • The non-residential market remains flat; however, researchers expect a strong resumption of growth in 2014
  • Blended average PV system prices fell 4.2% in Q3 2013 compared to the previous quarter, reaching a new low of $3.00/W
  • Researchers forecast that the U.S. will install a total of 4.3 GW of new PV in 2013, up 27% over 2012

The full report can be found on the Solar Energy Industries Association website.

 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.

When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality. 

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.


 
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