Strong 2016 Outlook for Solar Panels

Posted November 10, 2015 at 5:23am

Fortune reports that “the global market for solar panels is expected to soar to a record high in the first half of 2016 because of strong demand as well as favorable policies in the U.S. and China, says a new report from research firm IHS Technology.”  

“However, in the second half of 2016 and into 2017, growth is expected to slow after the U.S. lowers its solar tax credits and a push by China to install more panels ends.”  

“IHS says that manufacturers will produce 16.82 gigawatts of solar panels in the first quarter next year followed by another 17.73 gigawatts in the second quarter. One gigawatt is nearly the equivalent energy produced by a large gas or nuclear plant.”