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U.S. Solar Growth Will More Than Double in 2016, Study Finds

  • GTM Research forecasts that 16 gigawatts will be installed
  • Growth driven by falling panel prices, federal incentives

U.S. solar installations are expected to more than double this year, driven by falling equipment prices and federal tax credits.

Solar companies will add 16 gigawatts of panels in the U.S. in 2016, up from 7.3 gigawatts in 2015, according to a study released Wednesday by the Solar Energy Industries Association, a Washington-based trade group.