The rapid growth currently underway in the U.S. solar market is impressive to behold. More than 40% year-on-year growth is nothing short of stellar. Looking at the market segments, the residential rooftop business appears to be becoming more streamlined and shedding some of the overheads that had maintained relatively high prices. Innovations are being adopted in the commercial and industrial rooftop solar sector (pp. 78-80). And at the utility scale, a mix of state-level policies like Renewable Portfolio Standards, an ongoing appetite for PPAs, and the continued support of the Investment Tax Credit (pp. 20-23) look to have provided fertile turf for solar developers.
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