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Solar installations overtaking all other conventional energy sources in the U.S.

It looks like 2016 may be solar energy’s time in the sun.

Not only did the U.S. have more new solar capacity additions — mainly installations of solar photovoltaic panels — in the first quarter than all other energy sources combined, but going solar is becoming more affordable.

In the three months ending March 31, there were 1,665 megawatts (MW) of solar power plants — accounting for 64% of total capacity additions — more than coal, natural gas and nuclear combined, according to a joint report by the Solar Energy Industries Association’s (SEIA) and GTM Research, the research arm of Greentech Media, an energy and greentech company.

This growth comes on the heels of a record 2015, in which solar exceeded natural gas capacity additions on an annual basis for the first time ever, the report said.

Also during the quarter, overall system pricing fell by up to 8.8% with residential system prices...