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ARTICLE · 11 FEBRUARY 2016

Solar Installation Boom Expected To Continue In 2016

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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In a press release last week, the analytics firm IHS predicted that the solar installation boom will continue in the United States in 2016 following the extension of the Investment Tax Credit last December.

United StatesEnergy and Natural Resources
Thomas Burton III
Thomas Burton III
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In a press release last week, the analytics firm IHS predicted that the solar installation boom will continue in the United States in 2016 following the extension of the Investment Tax Credit (ITC) last December. Photovoltaic (PV) installations are projected to increase 60 percent year-over-year, totaling 15 GW in 2016 alone, and will reach record levels primarily due to strong demand for utility-scale PV. 65 percent of the demand in 2016 will come from the Western and Southwestern US, where California, Nevada and Texas are each projected to install over 1 GW this year. Read on for further details of the report, including the impact of the ITC extension on the US solar industry and other projections for 2016 and beyond.

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