Greentech Media Research and the Solar Energy Industries Association (SEIA) have released their quarterly U.S. Solar Market Insight report, finding 41% year-over-year growth in the third quarter of 2014 with 1.35 GW-DC installed.
This is the second-largest quarter to date. In the first nine months of 2014 the United States has installed 3.96 GW, as the world’s third-largest solar PV market, with more than 1 GW installed each quarter.
Q3 figures include 825 MW-DC in the utility-scale segment, which remains the largest market segment. Additionally, the U.S. residential market exceeded 300 MW for the first time ever. Residential installations have grown in 18 of the last 19 quarters.
However, the nation’s commercial, government and non-profit installations fell sequentially. This segment, which the report lists as non-residential, has been more volatile than the residential market.