To place the utility PV sector’s impressive installation growth in historical perspective, utility PV installations in 2013 alone accounted for approximately one-quarter of all cumulative PV capacity in the U.S. Of this total, a record-breaking 1.4 GW came on-line in Q4 2013 alone. But despite this impressive growth in installations, project pipeline replenishment was in the red for the first time in the segment’s history in Q4, with installations outpacing new procurement as RPS-driven demand began to wane and with less than three years remaining for the 30% federal investment tax credit. The contracted pipeline of projects fell from 12.6 GW to 11.7 GW, of which 3.3 GW is currently in construction with expected completion in the next two to three years.*
* Excerpted from SEIA/GTM Research “U.S. Solar Market Insight: 2013 Year in Review”
Utility solar companies, especially these Top 25 utility solar contractors from the Solar Power World Top 400 Contractors list, serve as industry leaders to promote investment into research and the continued development of innovative solutions to help utility solar become a mature, self-functioning industry.