A report from the solar market research and analysis company claims that the second half of the year will see sales in thesolarPV market double, largely due to incentives and lower module prices.

According to the ‘United States PV Market Report’, the solar PV market in the US could also grow to as high as 6.4 GW by 2015, which would see the US account for 12% of the globalsolar PVmarket. Up from its current 5%, this scenario would see the US become the third-largest market for solar PV in the world, with Germany and Italy maintaining the lead respectively.

“With rapid declines in factory gate prices over the past eight weeks as manufacturers and distributors focus on depleting module inventories, demand has picked up across residential, corporate and Government segments,” commented Craig Stevens, Solarbuzz president.

“This acceleration is being supplemented by explosive utility demand and the rush to install before federal cash grants are scheduled to expire at the end of the year,” he added.

The combination of policies and incentives implemented at federal, state and local levels has resulted in the increased growth in sales ofsolar panelsin the US. California maintains its market domination, despite the state’s share having dropped from 50% in 2009, to 30% in 2010. The states of Arizona, Colorado and New Jersey also dominated the state top 1o list.

Thanks to the country’s two largest solar projects – Nevada’s 48 MW-AC Copper Mountain Solar Project and the 30 MW-AC Cimarron Solar in New Mexico – both states have made it onto the top 10 list for the first time.

Solarbuzz is known globally as a market research business which focuses on the solar energy and solar photovoltaic industries.