The U.S. solar market installed 3.5 GW of new solar photovoltaic capacity in Q2 2020, a drop of 6% from Q1 installations. At the same time, utility-scale solar remained resilient despite the Covid-19 pandemic, representing 71% of all new solar capacity brought online in Q2.
The 2019 photovoltaic energy sector saw unprecedented growth, so much it accounted for nearly 40% of new capacity across all electric power production markets that year. 2019 installations were up 15% from the previous year.
The letter calls on members of Congress to pass legislation that would push out deadlines for the solar Investment Tax Credit (ITC) and create a direct pay option, both of which would help the economy recover from COVID-19.
To understand the effects the crisis could have on the renewable energy market, we conducted a survey of project developers, analyzed data from the LevelTen Marketplace, and talked to our customers. Here are five key takeaways.
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