U.S. Solar Market Insight
Updated June 11, 2020
The U.S. installed 3.6 gigawatts (GW) of solar PV capacity in Q1 2020 to reach 81.4 GW of total installed capacity, enough to power 15.7 million American homes. The first quarter of the year was largely unaffected by the coronavirus pandemic, but impacts are expected to appear beginning in the second quarter. The impact has been felt most acutely in distributed solar, which is expected to see 31% fewer installations in 2020 than in 2019. The forecasts for this report account for the coronavirus, but they are subject to uncertainty based on the unprecedented health, social and economic conditions in the United States.
Click here to read the Executive Summary of the latest Solar Market Insight Report. The full report includes all the data and analysis from our Executive Summary plus incisive, state-level breakdowns of installations, costs, manufacturing and demand projections. To learn more about the Solar Market Insight Report series, click here.
WASHINGTON, D.C. and HOUSTON, TX – The U.S. solar market installed 3.6 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q1 2020, representing its largest first quarter ever in the United States. According to the U.S. Solar Market Insight Q2 2020 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the coronavirus pandemic is having a significant impact on the U.S. solar industry. Construction has been delayed, customer demand has dropped and access to financing for projects of all sizes has been challenged. (Keep reading)
For more facts and figures about the U.S. solar industry, including historical data and future projections, click here.
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