It’s been hot under the sun for America’s solar PV manufacturers, installers, and project developers. Industry watchers project a record fourth quarter for deployments, and an even hotter 2016 as purchasers and investors jump in before a 30% tax credit begins to wind down in 2017.
Third-quarter installations of nearly 1.4 MW solar photovoltaic maintained the level above a gigawatt for the eighth successive quarter, Greentech Media reported. And that may just be the start of an even stronger period for deployments.
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“This past quarter marked the calm before the storm,” GTM Research Senior Solar Analyst Cory Honeyman told Greentech Media. “The 1-gigawatt mark for quarterly capacity additions will serve as a distant floor as project developers ramp up installations in the next five quarters before the planned step-down of the Tax Credit.”
The report anticipates that America’s total PV installations will nearly double over the next twelve months, reaching 41 gigawatts.
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