Recently, the solar industry has managed to persevere and thrive, notwithstanding a political climate that is always casting an ominous cloud of uncertainty.
That trend is continuing, with growth at an astonishing pace. According to recent data, the industry is setting new records, and is expected to break those again soon.
In December, GTM Research and the Solar Energy Industries Association (SEIA) published the Q4 2016 U.S. Solar Market Insight report, which measures U.S. installations for the third quarter of last year.
The report announces that the industry installed 4,143 megawatts (MW) during the period, and to emphasize the volume and pace, equates that to installing solar at a rate of one MW every 32 minutes.
Tom Kimbis, SEIA’s interim president, is understandably elated, offering that with that kind of growth, “it is safe to say the state of the solar industry here in America is strong.”
The numbers seems to back him up. According to the report, the 4,000-plus MW installed in the third quarter last year was more than double the amount installed in almost any other quarter measured in the last five
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