In Q1 2024, the US saw the largest quarter of solar manufacturing growth in its history, bringing its total installed capacity to 200 GW.
According to the US Solar Market Insight Q2 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, total US solar panel manufacturing capacity increased to 26.6 GW in Q1 2024 compared to 15.6 GW in Q4 2023.
The report also contains new data showing that the US added over 40 GW of new solar capacity in 2023 – more than initially reported.
Wood Mackenzie now projects that the US solar industry will install another 40 GW in 2024.
Utility-scale solar saw record solar deployment figures as the segment added nearly 10 GW of new capacity in Q1.
Florida (2.7 GW) and Texas (2.6 GW) saw strong utility-scale growth and led all states for new solar capacity in Q1.
Total US solar capacity is expected to more than double over the next five years, growing to 438 GW by 2029. »