Quick Mount PV
For the first time in history, the residential sector beat the commercial sector in photovoltaic installations in May. A study sponsored by GTM Research and the Solar Energy Industries Association reported that the United States installed 232 megawatts of residential photovoltaic systems that month, exceeding the non-residential market’s 225.
The growth in residential solar installations is matched by a drastic reduction in cost to manufacture the technology. “In general, there has been a huge push already to lower the cost of solar panels,” says Ron Lloyd, COO of Quick Mount PV. “Panel prices have fallen more than 70 percent over the last five years.”