U.S. residential PV installations rose 60 percent in 2013

Homeowners used financing models like leasing to install panels at little to no upfront cost

March 14, 2014

The market for solar energy rose 41 percent in 2013 thanks to a surge in residential projects, according to a report from the Solar Energy Industries Association. Residential projects grew 60 percent over 2012 to 792 megawatts as homeowners embraced financing models such as leasing that let them install panels at little to no upfront cost, according to GTM Research, which publishes the quarterly market reports with SEIA. Residential installations swelled a record 33 percent in the fourth quarter over the third quarter, and the segment is expected to lead U.S. demand this year.
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