SEIA - U.S. Solar Market Insight Report:
U.S. Solar Market Adds 2 GW of PV in Q1 2017
Following rapid growth across the industry in 2016, the United States solar market added 2,044 megawatts of new capacity in the first quarter of 2017. As installations grow, prices continue to fall to new lows, with utility-scale system prices dropping below the $1 per watt barrier for the first time, according to GTM Research and the Solar Energy Industries Association's (SEIA) latest U.S. Solar Market Insight Report.
Source: SEIA
Q1 was the sixth straight quarter in which more than two gigawatts of solar photovoltaics (PV) and more than one gigawatt of utility-scale PV was installed. The residential and non-residential PV markets are both expected to experience year-over-year growth, even as the quarterly numbers saw a drop from last year's record-setting pace, the report said.
"The solar market clearly remains on a strong upward trajectory," said Aspanail Ross Hopper, SEIA's president and CEO. "Solar is delivering more clean energy, adding jobs 17 times faster than the U.S. economy and creating tens of billions of dollars in investment. With its cost-competitiveness, we know solar will continue to play a growing role in America's energy portfolio."
The utility-scale segment continues to drive the market, representing more than half of all PV installed during the quarter. Much of the capacity comes from projects that were originally slated for completion in 2016, but ended up being pushed back due to the extension of the federal Investment Tax Credit. And this entire year is expected to benefit from those "spill-over" projects.
"Utility solar is on the cusp of another boom in procurement," said Cory Honeyman, GTM Research's associate director of U.S. solar. "The majority of utility solicitations are focused on maximizing the number of projects that can come online with a 30 percent federal Investment Tax Credit in 2019, or later by leveraging commence construction rules."
The non-residential solar market-which includes commercial, industrial and community solar installations-grew 29 percent year-over-year, but was down 39 percent from a record high fourth quarter 2016. The report highlighted Minnesota's growing community solar market. The state nearly doubled its cumulative community solar deployment in Q1.
Several other states not as well known for their solar markets saw particularly large jumps in installations this quarter, including Idaho and Indiana. Meanwhile, emerging state markets such as Utah, Texas and South Carolina continued their growth.
More than a half-gigawatt of residential PV was installed in the quarter, down 17 percent from the first quarter of last year. Part of the slowdown can be attributed to national installers pulling back operations in unprofitable geographies and customer acquisition challenges in more mature residential state markets like California.
According to the report, residential PV installations in California will fall year-over-year for the first time this decade. Despite this, California remains the largest state market for residential solar installations.
GTM Research forecasts that 12.6 gigawatts will come online in 2017, 10 percent less than 2016's boom. Total installed U.S. solar PV capacity is expected to nearly triple over the next five years, and by 2022, more than 18 gigawatts of solar PV capacity will be installed annually. However, downside risk looms over the long-term outlook for U.S. solar, due to a new trade dispute initiated by Suniva.
According to the report, if Suniva's petition for a minimum silicon PV module price of 78 cents per watt is successful, it could raise system costs between 13 and 35 percent, depending on segment. While it remains unclear how the International Trade Commission will ultimately rule on this petition by Suniva, the approval of the petition as initially filed would result in substantial downside revisions to the GTM Research forecast across all three segments.
Source: GTM Research / SEIA U.S. Solar Market Insight Report, Q2 2017
News
- 1.11.2024
AMETEK Acquires Virtek Vision International - 1.11.2024
Project DioHELIOS launches as part of BMBF Funding Program “Fusion 2040” - 31.10.2024
BrauBriviale 2024: Brewers and winemakers – a perfect pairing - 31.10.2024
Fraunhofer ILT: Boosting Efficiency in Mining with AI and Automation - 31.10.2024
Change in the Board of Directors of Swiss Steel Group - 30.10.2024
Fraunhofer ILT: Boosting Efficiency in Mining with AI and Automation - 28.10.2024
ORGATEC 2024 surpasses expectations - 28.10.2024
From Interzoo 2024 to Petfood Forum 2025 - 17.10.2024
Fraunhofer ILT: Green aerospace with 3D printing - 17.10.2024
Fakuma 2024 got off to an excellent start - 17.10.2024
SEMICON Europa 2024 to Explore Innovations in Advanced Packaging - 9.10.2024
Swedish-American Chamber announce the upcoming 13th Green Connections conference - 9.10.2024
Fraunhofer ILT: Additive Manufacturing in the Throes of Technological Change - 8.10.2024
Covestro invests 100 million Euros in R&D - 8.10.2024
Fakuma 2024 is On the Home Stretch! - 3.10.2024
Discover the Art Antwerp 2024 - 3.10.2024
electronica 2024 impresses with a strong supporting program - 2.10.2024
Fraunhofer ILT: Laser Technologies for the Future of the Hydrogen Sector - 2.10.2024
Covestro Signs an Investment Agreement with ADNOC - 2.10.2024
Meyer Burger Announces Preliminary Half-year Figures - 2.10.2024
TOPTICA Photonics Expands Executive Board - 30.9.2024
MES and Industry 4.0 Summit 2025 in Porto - 30.9.2024
Meyer Burger Announces Preliminary Half-year Figures - 27.9.2024
ARBURG: Career campaign at Fakuma 2024 - 27.9.2024
EXPO REAL 2024: Space for Exchange and Dialog - 26.9.2024
Messe Berlin: Record-breaking Trade Show in Berlin - 26.9.2024
Messe München: Record Group Sales. Strong Exhibition Results in Germany - 26.9.2024
Brazil to be Partner Country at HANNOVER MESSE 2026 - 25.9.2024
WindEnergy 2024: Collaboration is Key to a Successful Energy Transition - 25.9.2024
Lutz-Jesco Presents Electrolysis System at the Interbad 2024 - 25.9.2024
ART + OBJECT at ART COLOGNE 2024 - 20.9.2024
EuroBLECH 2024 Sets out New Ways to Engage with Productivity - 20.9.2024
Fraunhofer IPMS: Optogenetic OLED-on-CMOS Stimulators for Neurosensory Therapies - 20.9.2024
MEDICA LABMED FORUM 2024: Experts meet to Discuss Trending Topics in Laboratory Medicine - 18.9.2024
The 5G and Industrial Wireless Arena Continues to Grow - 18.9.2024
FEMWORX Career Congress Launches Call for Papers - 16.9.2024
Aucotec at InnoTrans 2024 - 16.9.2024
IAA Transportation 2024: IVECO Strides Ahead on the “Road of Change” with Zero-emission - 13.9.2024
RX UK Appoints Rosi Viljoen as Head of Visitor Strategy - 13.9.2024
Global presence at IDS 2025 - 13.9.2024
Post-Consumer Recycled Material – the New Key to Sustainable Technical Compounds - 12.9.2024
2nd MEFED Dialogue Paves the Way for Energy Cooperation - 12.9.2024
MEMS & Imaging Sensors Summit to Highlight Innovations Driving the Next Generation - 12.9.2024
Servomold at the Fakuma 2024 - 11.9.2024
Fraunhofer ILT: New Approaches for the Cost-efficient Production of Fuel Cells - 11.9.2024
BMW Group Adjusts Guidance for 2024 Financial Year - 11.9.2024
ELMET at Fakuma 2024 - 6.9.2024
Transform & Beyond by EXPO REAL Celebrates a Strong Premiere - 6.9.2024
Paris Internationale Announces Participating Galleries - 5.9.2024
IREC: Join Us Next Week at RE+ 2024! - 5.9.2024
Frieze Seoul 2024 Is Now Open - 5.9.2024
BIOFACH Congress 2025: Yes, we do! - 4.9.2024
SEMICON® India 2024 to Highlight Local Semiconductor Ecosystem Growth - 4.9.2024
Fraunhofer ILT and Dreher Automation present laser blanking system at Euroblech 2024 - 4.9.2024
Natexpo 2024 in Lyon: Insights Into the Challenges of the Organic Sector - 3.9.2024
Meyer Burger Focuses on Module Production in Arizona - 3.9.2024
VDIK: André Schmidt takes over as President - 2.9.2024
ROEMHELD: Clamping Concept for Aluminium Castings - 2.9.2024
Arburg at Fakuma 2024 - 30.8.2024
Dr Daniel Lincot is the winner of the Becquerel Prize 2024 - 30.8.2024
Building Technologies Trade Fairs with a New Forward-looking Focus - 28.8.2024
Dreyplas GmbH: Better than PTFE and UHMWPE - 28.8.2024
JPB Système Takes Smart Washer Program to New Heights - 26.8.2024
ORGATEC 2024: Taking the Office of the Future into New Dimensions - 26.8.2024
Koelnmesse Starts Operating Cologne's Largest Inner-city Photovoltaic System - 23.8.2024
BMW is official partner of Frieze Seoul - 21.8.2024
gamescom goes Green: New Projects for even Greater Sustainability - 21.8.2024
Anuga 2025: Optimised Trade Fair Experience through Newly Designed Hall Structure - 21.8.2024
MEDICA + COMPAMED 2024: Adapted hall layout for even better integration - 19.8.2024
SEMI Reports: Global Semiconductor Manufacturing Industry Strengthens in Q2 2024 - 16.8.2024
METAL MAGIC: What to Expect from ALUMINIUM 2024 - 16.8.2024
CARAVAN SALON becomes the Centre of the Caravanning World - 14.8.2024
Coperion and Herbold Meckesheim at Fakuma 2024 - 14.8.2024
Fraunhofer ILT: New specialist conference aims to transfer know-how to laser-based optics production - 14.8.2024
Swiss Steel Group Achieves Several Strategic Milestones - 13.8.2024
NORTEC is Ready for the Future - 13.8.2024
BioFach: Fantastic News from North America - 13.8.2024
Meyer Burger postpones publication of 2024 half-year results to September 16, 2024 - 8.8.2024
Deutsche Messe AG: Back on track - 8.8.2024
Deutsche Messe Technology Academy: International hub for Industry 4.0 - 8.8.2024
InterTabac 2024: Cigar Trends from Across the World - 7.8.2024
IREC Hiring for Two Local Initiatives Program Managers - 7.8.2024
New SEMI Foundation and Policy Equity Group Collaboration - 7.8.2024
EXPO REAL in Changed Times - 6.8.2024
US Governor at Arburg - 6.8.2024
Meyer Burger and Solestial Sign Strategic Manufacturing Partnership - 2.8.2024
Fraunhofer ILT: Measuring Particle Size Distribution During the Grinding Process - 2.8.2024
Worldwide Silicon Wafer Shipments Increase 7% in Q2 2024, SEMI Reports - 1.8.2024
Countdown begins to EMO Hannover 2025: Online registration now open - 1.8.2024
BMW Group Posts Strong Growth in Fully-electric Vehicles - 30.7.2024
Koelnmesse Breaks Sales Record on its 100th Anniversary - 30.7.2024
Koelnmesse Expands its Substantial Global Scope in the Hardware Trading Sector to Colombia - 30.7.2024
wire & TUBE SHOW 2024 Visitor Pre-registration Opens! - 26.7.2024
Fraunhofer ILT: International alliance for green hydrogen - 26.7.2024
Technologies and Trends at electronica 2024 - 23.7.2024
Changes on the board of management of Robert Bosch GmbH - 23.7.2024
Amazon and Microsoft dominate 56% of the world's cloud service market in 2024 - 22.7.2024
New General Manager of Messe Düsseldorf in China - 22.7.2024
SMM to Host Top-class Conferences on Open Stages for the First Time - 22.7.2024
NürnbergMesse: Record Sales for a Jubilee Year - 19.7.2024
BDI: European Parliament Elections: “Europe Needs a Growth Plan Now” - 19.7.2024
Draft Determination for Adjusting Depreciation Arrangements in the Gas Sector - 19.7.2024
BMW Group Strengthens the Eclipse Foundation - 17.7.2024
Recycled Content is Key to Enable Contact Sensitive Packaging - 17.7.2024
TRUMPF with Declining Sales and Order Intake - 17.7.2024
CARAVAN SALON 2024 Kicks off with Dedicated Tourism Hall - 15.7.2024
Messe Augsburg will Combine Leading Consumer Trade Fairs - 15.7.2024
The ESC is coming back to Messe München - 15.7.2024
Messe Essen Becomes the Home of Screen Print Innovations - 8.7.2024
Eurobike 2024: True Momentum for the Global Bike and Ecomobility Industry - 8.7.2024
NürnbergMesse Supervisory Board Extends CEO Peter Ottmann’s Contract - 5.7.2024
Arburg at Fakuma 2024 - 5.7.2024
Covestro and bp sign long-term supply agreement for solar power in Spain - 5.7.2024
Schüco Focuses on Decarbonising the Building Envelope - 2.7.2024
Koelnmesse celebrates 100th anniversary with opening of Confex - 2.7.2024
Koelncongress: Toni Ackermann is the new Head of Congresses - 1.7.2024
MEDICA INNOVATION FORUM for the Healthcare Innovations of the Future - 1.7.2024
FACHPACK 2024 comes with exciting new features - 1.7.2024
ORGATEC 2024 to Pave the Way for Circular Biomaterials - 26.6.2024
Fraunhofer IPMS: EU project develops portable diagnostic device - 26.6.2024
Meyer Burger Makes Significant Progress in Relocating its core Business to the USA - 26.6.2024
electronica 2024: Answers to the Major Challenges Facing the Automotive Industry - 25.6.2024
Ad Guru Pens Quick Beach Read About Life, Art and Clutter - 25.6.2024
Bicycle Industry Shows Innovative and Competitive Spirit at Eurobike 2024 - 24.6.2024
EU PVSEC 2024: Exciting Programme for Parallel Events and the Industry Summit - 24.6.2024
The Nordic Countries are the Official Partner Region of gamescom 2024 - 24.6.2024
MedtecLIVE Demonstrates the Great Innovative Strength of Medical Technology - 21.6.2024
MedtecLIVE Demonstrates the Great Innovative Strength of Medical Technology in Stuttgart - 21.6.2024
Arburg: New Managing Director on board - 21.6.2024
BrauBeviale 2024: Brewing and Beverage Industry Invests in Solutions for the Future - 18.6.2024
INTERSOLAR 2024: Up-And-Coming Solar Market in Eastern Europe - 18.6.2024
SEMI: Global Semiconductor Fab Capacity Projected to Expand 6% in 2024 and 7% in 2025 - 18.6.2024
MedtecLIVE 2024: Stuttgart becomes the Centre of the European Medical Technology Industry - 17.6.2024
MCH Group appoints Eleonora Gennari as new Group CFO - 17.6.2024
Powertage 2024 Concludes with Success in Zurich - 17.6.2024
Art Basel announces exhibitors and first highlights for its renamed Art Basel Paris show - 12.6.2024
New Innovative Fermentation Project Brings New Hope for the Future of Sustainable Food - 12.6.2024
SEMI and Energy Collaborative Sponsors Meet with South Korea MOTIE Officials - 12.6.2024
B.I.G. Powers its Belgian Cushion Vinyl Production Plant with Green Energy - 10.6.2024
New SEMI Foundation Semiconductor PRIDE Initiative to Promote LGBTQ+ Inclusion in Chip Industry - 10.6.2024
SEMI 3D & Systems Summit to Highlight Heterogeneous Systems - 10.6.2024
Kaeser Kompressoren at the Achema 2024 - 7.6.2024
Independent US Testing Institute PVEL Lists Meyer Burger Modules in the Highest Category - 7.6.2024
The Elevator Show 2024: AFAG goes Dubai - 7.6.2024
$5.4 Trillion Floods into 10 Leading AI Companies’ Market Cap Since ChatGPT Debut - 31.5.2024
Fraunhofer ILT: A Look Back at the Future of Photonics - 31.5.2024
TDK Launches Environmentally Sustainable Radio Wave Absorbers Using Biomass Material - 30.5.2024
Management Change at Messe Düsseldorf - 30.5.2024
MEDICA INNOVATION FORUM for the healthcare innovations of the future - 30.5.2024
Art Basel and UBS celebrate 30 years of Partnership - 29.5.2024
Nordec and SSAB Agree on Deliveries of Fossil-free Steel - 29.5.2024
Art Basel Announces Exhibitors and First Highlights for its 2024 - 29.5.2024
New Survey to Access Job Skills Needs in Europe’s Microelectronics Industry - 27.5.2024
medFEL: The 2024 Edition Breaks New Ground - 27.5.2024
RX Acquires Sustainable Energy Conferences (SEC), owner of World Hydrogen Summit - 24.5.2024
electronica 2024 Showcases Smart Energy Solutions for the Future - 24.5.2024
Rittal Develops Megawatt Cooling for AI - 24.5.2024
ZEISS “Photonics & Optics” to be Established 2024/25 - 23.5.2024
Consortium Develops Evolutionary Concept for Recycling - 23.5.2024
KAESER KOMPRESSOREN: Powerful Performance in a Compact Package - 23.5.2024
TDK Displays the Latest Passive Component and Sensor Solutions at Sensor+Test - 22.5.2024
Casting Compound Perfectly Protects Electronics from Overheating - 22.5.2024
SEMICON Europa 2024 Call for Abstracts Opens - 21.5.2024
SavoirFaire 2024: Total experience focused on craftsmanship - 21.5.2024
SEMI: European Chips Skills Academy Launches Summer School in Italy - 21.5.2024
EU PVSEC 2024: Early Bird Registration Open - 17.5.2024
RX Announce New General Manager of RX INDIA - 17.5.2024
ZEISS: Double-digit Revenue Growth in First Half of Fiscal Year - 16.5.2024
60 years of Messe München: Fit for the future - 16.5.2024
Reinhard Pfeiffer and Stefan Rummel Reconfirmed as CEOs of Messe München for Another 5 Years - 16.5.2024
BrauBeviale 2024: Closely Linked to the Beverage Industry - 15.5.2024
SEMI University: New Online Certification Programs - 15.5.2024
Key Measures of Global Semiconductor Manufacturing Industry Strength Improve in Q1 2024 - 14.5.2024
IFAT 2024: The Low Pressure Experts - 14.5.2024
BMW at the RETTmobil 2024 - 14.5.2024
Deutsche Rohstoff: First Quarter Revenue up 30% to EUR 55.6 Million - 13.5.2024
analytica 2024 Confirms its Position as the World’s Leading Trade Fair for the Laboratory Sector - 13.5.2024
Koelnmesse breaks sales record on its 100th anniversary - 13.5.2024
Registration now open for UFI Global Congress in Cologne - 10.5.2024
Rapid.Tech 3D 2024: Additive manufacturing for defence technology - 10.5.2024
Kuehne+Nagel new service partner for logistics at Messe Karlsruhe - 10.5.2024
ZEISS expands its Innovation Hub in Dresden - 8.5.2024
Koelnmesse and DMG Events Join Forces to Boost the Middel East Exhibition Scene - 8.5.2024
SENSOR+TEST 2024: Focus on industry trends and challenges - 7.5.2024
electronica 2024 paves the way for the all-electric society - 6.5.2024
Jonathan Heastie Named Portfolio Director for RX UK’s Travel sector - 6.5.2024
NürnbergConvention Center goes SevenCenters - 3.5.2024
Over 1,000 companies have already confirmed their participation at the IDShow 2025 - 3.5.2024
Cable Car Congress with Top Speakers from all Over the World - 3.5.2024
Herbold Meckesheim and Coperion at IFAT 2024 - 3.5.2024
Worldwide Silicon Wafer Shipments Dip 5% in Q1 2024, SEMI Reports - 3.5.2024
Trends in the pet supplies industry at Interzoo 2024 - 25.4.2024
HMI 2024: Partner Country Norway - Pioneering the Green Industrial Transition - 25.4.2024
Arburg at the rapid+tct 2024 - 25.4.2024
Opening of the Fraunhofer Research Center for RESource-Efficient Energy Technologies - 24.4.2024
COVESTRO: Premiere at Chinaplas Trade Fair in Shanghai - 24.4.2024
Transparent Emissive Microdisplays for Ultra-light and Compact Augmented Reality Systems - 24.4.2024
Covestro Collaborates with Automotive Partners on Car-to-car Plastic Recycling - 23.4.2024
INTERMAT 2024: Portable Compressed Air with Battery Power - 23.4.2024
AKL: "Huge, completely untapped markets for photonics" - 22.4.2024
HERMES Startup AWARD 2024 goes to Archigas - 22.4.2024
HERMES AWARD 2024 goes to Schunk - 22.4.2024
30th AERO Friedrichshafen Inspires more than 30,000 Visitors - 18.4.2024
Siemens Launches Electrification X - 18.4.2024
The Date for Akustika 2025 has been set - 17.4.2024
BRM Aero: Unveiling the B23 Energic Aircraft for Market Delivery - 17.4.2024
Art Düsseldorf Established Itself as a Permanent Fixture in the Rhineland - 17.4.2024
Anniversary AERO Rides the Wave of Success - 16.4.2024
Arburg at Chinaplas 2024 - 16.4.2024
Fraunhofer ILT: New Foundation for Laser Fusion Research - 12.4.2024
Wibu-Systems at Hannover Messe 2024 - 10.4.2024
Intersolar 2024: Call for Innovations in Energy and Mobility - 10.4.2024
Flagship Fair WindEnergy Hamburg Just Keeps Growing - 9.4.2024
Messe Berlin acquires entire stake in Mobile Seasons - 9.4.2024
EHFF 2024 Creates Momentum for the Fitness World of Tomorrow - 9.4.2024
EuroBLECH 2024: The Power of Productivity - 8.4.2024
EHFF 2024 Creates Momentum for the Fitness World of Tomorrow - 8.4.2024
Prof. H. Baaser will become the new Managing Director of the DKG starting on July 1, 2024 - 5.4.2024
Tube 2024: Europe Casts its Nets Outwards - 5.4.2024
Coperion at wire 2024 - 5.4.2024
Fraunhofer ILT: Manufacturing Technologies for the Future of the European Space Industry - 4.4.2024
TDK Presents Enhanced Embedded Motor Controllers - 4.4.2024
MSTC 2024 to Spotlight Latest MEMS and Sensors Advances - 4.4.2024
SEMICON Southeast Asia 2024 to Highlight Global Supply Chain Resilience and Sustainability - 3.4.2024
Messe Berlin acquires entire stake in Mobile Seasons - 3.4.2024
Messe München: A Stroke of Luck for the City and the Free State - 3.4.2024
Transform & Beyond by EXPO REAL - 2.4.2024
Formnext 2024: An Outstanding Start to the New Trade Fair Year - 2.4.2024
EMV 2024: Event Once Again Provides New Impetus for Industry - 2.4.2024
NürnbergMesse celebrates its 50th birthday with a tribute to the Messe.Stadt.Nürnberg - 28.3.2024
Semiconductor Climate Consortium Elects New Governing Council - 27.3.2024
SEMI ESD Alliance 2024 to Explore the Evolving RISC-V Movement - 27.3.2024
Fraunhofer ILT: Laser Technology and AI Boost the Circular Economy - 25.3.2024
Anuga FoodTec 2024 as the Signpost for the Food and Beverage Industries?? - 25.3.2024
FENSTERBAU & HOLZ-HANDWERK 2024 Inspire Across the Board - 25.3.2024
Art Basel Hong Kong Opens this Week - 22.3.2024
Messe Berlin Acquires Entire Stake in Mobile Seasons - 22.3.2024
Anuga FoodTec Presents Modern Approaches to Process Analysis and Quality Control - 22.3.2024
Jury Nominates three Companies for the HERMES AWARD 2024 - 21.3.2024
POWTECH TECHNOPHARM 2025: Kick-off with a new design