The commercial market (comprising commercial, government, school and nonprofit installations) installed 1,112 MW installed in 2013. Thanks to a huge 4th quarter, it squeaked out 4% annual growth at the national level. Still, it was a difficult year overall for the market. Three of the top five state markets in 2012 — Arizona, California and New Jersey — shrank in 2013.
Within the Q4 2013 data, there were a number of positive signs for this market’s recovery.
- New Jersey Market Recovery – New Jersey saw early signs of a recovery from its SREC-oversupply-driven slump in Q4. As is discussed in more detail in the New Jersey section of the Full Report, SREC pricing and supply/demand indicators suggest that the New Jersey market will see a stronger 2014 overall, though it is unlikely to reach its previous heights.
- Massachusetts Solar Shines – The Massachusetts market now has clarity regarding the next phase of its SREC program, dubbed SREC II, and 2014 will see a mixture of installations from final SREC I projects (of which there are many) and projects under the new structure, combining to create another strong year for 2013’s third-largest non-residential market.
- Secondary Market Expansion – A number of states with previously small or stagnant non-residential markets will see meaningful installation growth in 2014. In particular, look for significant figures out of New York, Arizona, and Colorado.
We’d like to congratulate our Top 100 commercial-scale solar contractors of the Solar Power World Top 400 Solar Contractors list, to keep this critical segment of the industry moving forward.
* Excerpted from SEIA/GTM Research “U.S. Solar Market Insight: 2013 Year in Review”