“As utilities wake up to the value proposition, it will increasingly shape the market”
With many utilities addressing the challenge of rooftop solar, community shared solar is fast emerging as an appetizing solar business model. A top solar research firm now says 2015 is the year that the community solar market breaks through.
A new market report forecasts community shared solar developers will grow 2014’s 65.9 MW of cumulative installed capacity to 465 MW by the end of 2016. A 59% annual growth rate for the sector over the next five years will take the 21 MW installed during 2014 to 534 MW installed during 2020, it predicts.
“There may have been more articles about community solar than projects brought online to date,” joked GTM Research Sr. Analyst Cory Honeyman, co-author of U.S. Community Solar Market Outlook 2015-2020. “But 2015 is the tipping point year when community solar becomes a relevant sector in the broader U.S. solar opportunity.”