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Wednesday, Mar 06, 2024

Solar Installations Skyrocket in 2023 in Record-Setting First Full Year of Inflation Reduction Act

WASHINGTON, D.C. — The U.S. solar industry added a record-shattering 32.4 gigawatts (GW) of new electric generating capacity in 2023, a 37% increase from the previous record set in 2021 and a 51% increase from 2022. According to the U.S. Solar Market Insight 2023 Year-in-Review released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar accounts for 53% of all new electric generating capacity added to the grid last year.

Thursday, Dec 07, 2023

Solar Poised for Record-Setting 2023 while Economic Challenges Mount

The U.S. solar industry added 6.5 gigawatts (GW) of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy policies begin to take hold. As a result of this growth, the United States is expected add a record 33 gigawatts (GW) of solar capacity in 2023, according to the U.S. Solar Market Insight Q4 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

Thursday, Sep 07, 2023

Solar Installations in 2023 Expected to Exceed 30 GW for the First Time in History

WASHINGTON D.C. — The U.S. solar industry expects to add a record 32 gigawatts (GW) of new capacity in 2023, a 52% increase from 2022, according to the U.S. Solar Market Insight Q3 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

Thursday, Jun 08, 2023

U.S Solar Market Registers Best First Quarter in Industry History as Supply Chains Stabilize and Inflation Reduction Act Takes Hold

WASHINGTON, D.C. — The U.S. solar industry installed 6.1 gigawatts (GW) of solar capacity and had its best first quarter in history, according to the US Solar Market Insight Q2 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

Thursday, Mar 09, 2023

Policy-Driven Supply Constraints Cause Steep Drop in Solar Installations in 2022

WASHINGTON, D.C. and HOUSTON, TX — The United States added 20.2 gigawatts (GW) of new solar capacity in 2022, a 16% decrease from 2021. This was due in large part to an investigation into new anti-circumvention tariffs by the U.S. Department of Commerce, as well as equipment detainments by Customs and Border Protection under the Uyghur Forced Labor Prevention Act.

Tuesday, Dec 13, 2022

Trade and Supply Chain Barriers Delay Impact of Historic Clean Energy Law

WASHINGTON, D.C. and HOUSTON, TX — The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress.

Thursday, Sep 08, 2022

U.S. Solar Market Ready for Rebound After Tumultuous First Half of 2022

WASHINGTON, D.C. and HOUSTON, TX — The Inflation Reduction Act (IRA) will help the U.S. solar market grow 40% over baseline projections through 2027, equal to 62 gigawatts (GW) of additional solar capacity, according to new forecasts in the U.S. Solar Market Insight Q3 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.

Tuesday, Sep 14, 2021

Solar Prices Increase Across Every Market Segment for the First Time in Seven Years

WASHINGTON, D.C. and HOUSTON, TX —Supply chain constraints are leading to price increases across every solar market segment, despite the addition of 5.7 gigawatts (GWdc) of solar capacity in Q2 2021, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

Tuesday, Jun 15, 2021

U.S. Solar Market Eclipses 100 Gigawatts

WASHINGTON, D.C. and HOUSTON, TX — The U.S. solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the U.S. Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Solar had a record-setting Q1 2021 and accounted for 58% of all new electric capacity additions in the United States. Renewable energy accounted for nearly 100% of all new electric capacity in Q1.

Tuesday, Mar 16, 2021

Solar Industry Sets Records in 2020, On Track to Quadruple by 2030

WASHINGTON, D.C. and HOUSTON, TX — The U.S. solar industry grew 43% and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the U.S. Solar Market Insight 2020 Year-in-Review report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

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