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U.S. Solar Power on Track for Record 2015 as Utilities Lead Way

  • Solar-panel installation climbs 8.7% in second quarter
  • Market driven by tax credit set to be reduced at end of 2016

Developers installed 1.4 gigawatts of solar power in the U.S. in the second quarter, up 8.7 percent from a year earlier, putting the country on track for a record 7.7 gigawatts this year.

Residential systems swelled 70 percent while the utility market remained “the bedrock driver” of the U.S. solar market, accounting for more than half the installations, GTM Research and the Solar Energy Industries Association said in a joint statement Wednesday.