Spurred by falling component costs and the 30% federal Investment Tax Credit (ITC), the US solar market is in the midst of a period of breakneck growth, with more than one-third of the country’s 18.3GW of cumulative PV capacity installed last year alone, according to new figures from GTM Research and the Solar Energy Industries Association.
For the second straight year, solar was the second largest source of new power-generation capacity in the US, trailing only natural gas.
