Solar Installations Surge on Lower Costs and Government Support

The number of solar installations grew strongly in the nation’s residential, commercial and utility sectors in the third quarter, largely as a result of falling costs, a federal investment tax credit and state programs that support renewable energies, the solar industry’s main trade group reported on Tuesday. The Solar Energy Industries Association said that 684 megawatts of solar photovoltaic capacity was installed in the quarter, 44 percent more than in the third quarter of 2011. For the first three quarters of the year, the industry added 1,992 megawatts, compared with 885 megawatts for all of 2011.

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