Driven by a booming utility-scale market, the US installed a record 4.1GW of new PV capacity in the third quarter, on its way to an estimated 14.1GW for the full year, according to new figures from the Solar Energy Industries Association and GTM Research.

In the third quarter, the solar industry installed one megawatt of new capacity every 32 minutes on average, and the fourth quarter is expected to be even stronger.

Analysts