The U.S. solar market is entering a rapid expansion phase, with the industry on track to add over 250 gigawatts (GW) of new capacity in the next five years, according to the latest report from Solar Energy Industries Association (SEIA) and Wood Mackenzie. In just the two years following the passage of the Inflation Reduction Act, solar developers added an estimated 75 GW of capacity—equivalent to more than 36 % of all U.S. solar capacity installed to date. This growth signals solar’s emergence as the foundation of America’s energy transition. pv magazine International
The report highlights that utility-scale, commercial and industrial, and residential solar segments are all contributing to this surge. With installations accelerating, solar now plays a key role in grid resilience, energy affordability, and job creation. For businesses and landowners exploring solar investments or lease-opportunities, this trend underscores the strong momentum and long-term potential of the solar industry. pv magazine International
Source: pv magazine USA – “U.S. solar industry on track to install 250 GW in five years” – https://www.pv-magazine.com/2024/09/25/u-s-solar-industry-on-track-to-install-250-gw-in-five-years/