The U.S. Solar Market Insight: 1st Quarter 2013 report from GTM Research and the Solar Energy Industries Association (SEIA) finds that the U.S. installed 723 megawatts (MW) in Q1 2013, which accounted for over 48% of all new electric capacity installed in the U.S. last quarter. Overall, these installations represent the best first quarter of any given year for the industry. In addition, the residential and utility market segments registered first-quarter highs with 164 MW and 318 MW respectively.
Key Report Findings:
- PV installations totaled 723 MW in Q1 2013, up 33% over Q1 2012
- Cumulative operating PV capacity in the U.S. now stands at 7.9 GW
- The residential market grew 53% over Q1 2012 and 11% over Q4 2012, continuing its streak of consistent incremental quarterly growth
- The non-residential market shrank 20% on both a quarterly and annual basis, which reflects slow demand across a number of major markets
- The utility market more than doubled year-over-year, with 24 utility PV projects completed in Q1 2013
- The average residential PV system price fell below $5.00 per watt, while the average non-residential system price fell below $4.00 per watt