Government Energy Policy, Business and Technology

2016 New York Solar Market in Six Charts

Renewable Energy World: Residential solar installations in New York increased 12 percent in 2016 to 19,945, which is a significant slowdown from 100 percent growth in 2015. Industry analysts believe this change may be due to saturation in areas that are a strong fit for solar as well as the impact of the election uncertainty. Reuters covered this trend in its recent article.

The average price per watt (before incentives) for a residential installation in 4Q16 declined nearly 5 percent vs. the prior year to $4.11 and nearly 14 percent vs. 1Q15. This decline is largely due to module price declines (as much as 30 percent), as noted by a recent article from Reuters on Sunpower, the second largest U.S. panel maker.

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