ALBUQUERQUE, N.M. — The U.S. solar market hit a “major milestone” in the second quarter of 2014, with more than half a million homes and businesses now generating solar energy, according to a new U.S. Solar Market Insight report from the national Solar Energy Industries Association and GTM Research.
Homes, businesses and utilities installed 1.13 gigawatts of solar photovoltaics nationwide from April to June, up 21 percent from the second quarter of 2013, according to the report, released on Friday.
More than half of the industry’s second-quarter growth came from utilities, which are rapidly deploying large-scale solar installations around the country. Utility-scale solar has more than quadrupled in the last two years, from 1.784 gigawatts of installed capacity in June 2012 to 7.308 gigawatts today.
The association and GTM Research now project 6.5 gigawatts of photovoltaics will be installed by year-end, up 36 percent from 2013.