The U.S. residential solar industry installed 712 megawatts (MW) of electrical generating capacity in the third quarter of 2019, according to the U.S. Solar Market Insight Report -- a record high after years of frustrating results. Installers are entering states where they had previously not operated, such as Florida and Texas, where cost and policy improvements are making solar energy more affordable than ever.
What's great for investors is that the industry appears poised to grow consistently for the foreseeable future. Here's what the quarter looked like and what investors should know about the future of residential solar, and a big segment of the renewable energy industry.
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