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.
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.
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.
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.
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).
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.
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.
Solar Market Forges Ahead in Q3 as Residential Installations Recover and Utility-Scale Pipeline Grows
WASHINGTON, D.C. and HOUSTON, TX — U.S. solar companies installed 3.8 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q3 2020, a 9% increase from Q2 installations as the industry experienced a recovery from the worst impacts of the COVID-19 pandemic.
Utility Solar Market Drives Q2 Growth as Pandemic Causes Drop in Rooftop Solar Installations
Note: The Q3 2020 U.S. Solar Market Insight covers installation volumes in Q2 2020 and forward-looking trends. The second quarter of 2020 was the first full quarter in which the U.S. solar industry was exposed to the risks associated with the coronavirus pandemic. The forecasts in this report account for the coronavirus but are subject to uncertainty based on the unprecedented health, social and economic conditions in the United States.
Solar Accounts for 40% of U.S. Electric Generating Capacity Additions in 2019, Adds 13.3 GW
Note: While there is reference in the below release to the unknown impacts of COVID-19 on projections, we wanted to acknowledge the toll the pandemic is having, and emphasize that projections may need to be revised as the wider effects of the crisis across our interconnected society become clearer. WASHINGTON, D.C. and HOUSTON, TX – Solar accounted for 40% of all new electric generating capacity in the U.S. in 2019, its highest share ever and more than any other source of electricity, with 13.3 gigawatts (GW) installed.