Economics

U.S. Solar Jumps 41% in 2013 Driven by Residential Demand

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Demand for U.S. solar power increased 41 percent last year driven by record growth in residential projects, according to the Solar Energy Industries Association.

Developers installed 4.75 gigawatts of photovoltaic panels in 2013, making solar the biggest source of new generating capacity after natural gas, the Washington-based trade group said today in a statement. Demand next year will increase 26 percent as rooftop power plants become more common.