The report, U.S. Photovoltaic Market Analysis, said that despite the economic slowdown, annual PV installations sustained positive growth and the U.S. accounted for 6.4 percent of the global installed capacity last year.
Additionally, the research revealed that the absence of a nationwide cost-based feed-in tariff program has somewhat affected the PV industry development pace in the U.S. But, it said now almost all the prominent states have acknowledged the benefits of these incentives and formulated long-term PV installations programs. These programs are expected to start showing their positive impact from this year onwards, and the U.S. share of annual PV installations will grow considerably at the global level. ??
Specifically, the researchers say their study has shown that residential installations are growing strongly in the country. In a statement, they said: Various federal government and state incentives have been earmarked to encourage non-commercial energy consumers and to infuse residential PV installations. We anticipate that highly subsidized modules and panels, relatively higher incentives on energy generation will continue to strengthen the residential PV market developments in the years to come.
??The report goes on to say that the U.S. PV industry offers enormous opportunities for existing players, new players, module suppliers, consultants and research and development companies. It explained that residential and commercial rooftop installations will continue to show strong positive results and the utility-scale PV is expected to grow significantly.