US Cumulative PV Installed Capacity to Grow Four Folds by 2014
The US photovoltaic industry is growing at a fast pace on the back of strong regulatory support and its acceptance in commercial and residential consumer segments. PV systems installation costs also dropped on an annual average of 3.6% during the past decade, which has made adoption more affordable for consumers. Further, to support the PV industry, special grant program have been adopted, which increased the transaction and program caps with extension of coverage to the public and industrial sectors.
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