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U.S. solar installations are expected to soar 43% this year, just shy of a pre-pandemic forecast, as the industry has recovered more quickly than expected from a virus-related slowdown, according to a report by the top solar trade group.
The improved outlook reflects robust demand from utilities seeking to meet carbon-reduction goals and a rebound in demand for home solar systems, thanks in part to declining costs for the technology.
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The sector is now expected to install more than 19 gigwatts of solar this year, enough to power more than 3.6 million homes, according to the U.S. Solar Energy Industries Association (SEIA) and energy research firm Wood Mackenzie. Last year it installed 13.3 GW of capacity.
US solar industry surges despite pandemic fallout, study finds
15 Dec 2020 An array of solar panels is seen in the desert near Victorville, California, US. File/Reuters
US solar installations are expected to soar 43% this year, just shy of a pre-pandemic forecast, as the industry has recovered more quickly than expected from a virus-related slowdown, according to a report by the top solar trade group.
The improved outlook reflects robust demand from utilities seeking to meet carbon-reduction goals and a rebound in demand for home solar systems, thanks in part to declining costs for the technology.
The sector is now expected to install more than 19 gigwatts of solar this year, enough to power more than 3.6 million homes, according to the US Solar Energy Industries Association (SEIA) and energy research firm Wood Mackenzie. Last year it installed 13.3 GW of capacity.
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