Feed-in tariffs (FITs), declining prices of photovoltaic (PV) modules, and innovative leasing programs for residential solar installations are forecasted to be responsible for solar PV systems experiencing rapid growth over the next five years. According to a recent report from Navigant Research, worldwide revenue from distributed solar power generation will reach $112 billion annually by 2018
Navigant Research forecasts that, from 2013 to 2018, 220 GW of distributed solar PV will be installed worldwide, representing $540.3 billion in revenue.
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