U.S. Solar Market Insight
Updated March 16, 2021
The U.S. installed 19.2 gigawatts (GWdc) of solar PV capacity in 2020 to reach 97.7 GWdc of total installed capacity, enough to power 17.7 million American homes. Solar accounted for 43% of all new electricity-generating capacity added in the U.S. in 2020, representing solar’s largest ever share of new generating capacity and ranking first among all technologies for the second year in a row. Under a business-as-usual scenario, the U.S. solar industry will install more than 324 GW of capacity over the next 10 years, quadrupling the current amount of solar capacity installed.
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 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. For the second year in a row, solar led all technologies in new electric-generating capacity added, accounting for 43%. According to Wood Mackenzie’s 10-year forecast, the U.S. solar industry will install a cumulative 324 GWdc of new capacity to reach a total of 419 GWdc over the next decade. (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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