Residential Solar Market in the US to Grow at a CAGR of 33.12% During 2016-2020
A residential solar PV system is a small-scale power generation plant that uses PV technology to convert sunlight into electricity. Harnessing solar energy is considered as one of the most efficient ways to promote renewable energy and improve grid stability. The growing need for electricity and demand-side management (DSM) programs is driving solar PV installations worldwide. Renewable energy accounts for the majority of new capacity installations across countries. In 2015, solar PV installations accounted for 57 GW capacity worldwide, growing...
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