U.S. Solar Surged 43% in Second Quarter Led by Utility Projects
- Projects were planned to qualify for federal tax credit
- U.S. on pace for a record number of projects in 2016
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U.S. solar installations surged 43 percent in the second quarter largely because of a wave of utility-scale projects going into service to take advantage of a tax credit that was due to expire.
Developers added 2,051 megawatts in the quarter, up from 1,436 megawatts a year earlier, according to the Solar Energy Industries Association. With an additional 7.8 gigawatts under construction, more solar capacity is on pace to be connected in the second half of this year than has ever come online in a single year, the Washington-based industry group said Monday in a report produced with GTM Research.