Energy: Residential Solar Installation Leads U.S. Solar Power Market

June 10, 2015

Experts project a 24 percent increase in solar power this year, and residential installations are expected to make up the bulk of that, Computer World reports.

Solar installations in the residential sector posted a 76 percent year-over-year increase this quarter. Moreover, the energy capacity of newly installed solar power systems surpassed those of wind and coal for the second year in a row, making up 32 percent of all new electrical capacity.

“One of the factors spurring growth in solar power is the expiration of the federal government's solar investment tax credit (ITC),” writes Computer World reporter Lucas Mearian. “That measure, passed in 2008, offered a 30 percent tax credit for residential and business installations. When it expires in 2016, the tax credit will drop to a more permanent 10 percent.”

Read the full report at Computer World.

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