Residential market drives solar power growth in 2013

Residential PV installations were up 49 percent year-over-year through the third quarter.

December 18, 2013

The residential segment is growing faster than any other in the U.S. solar market, and the largest number of American homes in history had solar panels installed in the third quarter, according to a report from the Solar Energy Industry Association and GTM Research. Residential PV installations were up 49 percent year-over-year through the third quarter. SEIA and GTM Research expect that figure to expand to 52 percent by the end of the year. The robust growth in the residential solar market, coupled with utility installations, could help the country exceed Germany in solar energy capacity for the first time in 15 years, SEIA says.

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