June 23, 2015
The U.S. community solar market is approaching a tipping point. In its latest report, U.S. Community Solar Outlook 2015-2020, GTM Research forecasts the market to grow fivefold this year, with 115 megawatts installed. By 2020, community solar in the United States will be an annual half-gigawatt opportunity.
With 66 cumulative megawatts installed through the end of 2014, the U.S. community solar market is just getting off the ground. However, GTM Research has pegged it as the most significant solar growth market for the United States. Between 2014 and 2020, GTM Research expects U.S. community solar to have a compound annual growth rate of 59 percent.