U.S. Solar Market Insight
Updated March 17, 2020
The U.S. installed 13.3 gigawatts (GW) of solar PV capacity in 2019 to reach 77.7 GW of total installed capacity, enough to power 14.5 million American homes. Solar accounted for 40% of all new electric generating capacity added to the grid in 2019 – more than any other energy source and the highest share in the industry's history.
Note: this edition of Solar Market Insight does not account for impacts of the coronavirus outbreak. SEIA and Wood Mackenzie are closely monitoring changes to the industry as a result of the COVID-19 pandemic. As of the release of this publication, the full impacts of the coronavirus outbreak on the solar industry are still developing.
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 – 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. Despite policy challenges and a second year of the Section 201 tariffs, the U.S. solar market grew by 23% from 2018, according to the U.S. Solar Market Insight 2019 Year-in-Review report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. (Keep reading)
For more facts and figures about the U.S. solar industry, including historical data and future projections, click here.
Use the images below to share some of the key takeaways on social media: