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US solar deployment hits lowest level in two years (w/ charts) – According to the latest figures from GTM Research and Solar Energy Industries Association (SEIA) across the nation 2.03 GW of solar PV was installed, slightly below Q2 2016, which saw 2.05 GW. There are no simple answers to why the industry saw this slump, and instead a variety of factors can be seen. A 51% year-over-year decline from Q3 2016 has more to do with the volume of projects initially planned for completion before the 30% Investment Tax Credit (ITC) was extended to 2020, than it does with the weakness this past quarter. There’s a lot of complexity going on in US solar. Smaller utility-scale stuff is on hold because of the Suniva issues – larger utility-scale stuff won’t show up in report just yet. Commercial is actually up in volume, but it’s a smaller component. Residential is down overall – lease and cash dealing with separate complexities. Some of these things are temporary, some are permanent evolutions (less leasing as a percent of the total). Still though, expectations of 12GW of solar power is a lot of solar power. And it’ll grow again soon.
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