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Florida and Texas lead photo voltaic installations whereas California stumbles attributable to coverage adjustments
WASHINGTON, DC – A record-setting 11 gigawatts (GW) of latest photo voltaic module manufacturing capability got here on-line within the United States throughout Q1 2024, the most important quarter of photo voltaic manufacturing progress in American historical past. .
According to the US Solar Market Insight Q2 2024 report launched right now by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the entire US photo voltaic module manufacturing capability now exceeds 26 GW per yr.
In addition, the trade additionally put in a powerful 11.8 GW of latest photo voltaic capability, bringing the entire capability to 200 GW within the United States. The report additionally contains new information from 2023, displaying that the United States added greater than 40 GW of latest photo voltaic capability final yr. Wood Mackenzie now tasks that the US photo voltaic trade will set up one other 40 GW by 2024.
“This quarter proves that new federal investments in clear power are reinvigorating American manufacturing and strengthening our nation’s power financial system,” mentioned SEIA president and CEO Abigail Ross. Hopper. “Whether it is a billion-dollar funding in a close-by photo voltaic challenge or a brand new manufacturing plant that employs tons of of native employees, the photo voltaic and storage trade energizes communities in each state throughout the nation.”
Widespread progress within the utility-scale market drove photo voltaic deployment numbers because the section added practically 10 GW of latest capability in Q1. Florida and Texas noticed sturdy utility-scale progress and led all states for brand new photo voltaic capability in Q1. Other markets resembling New Mexico and Ohio additionally had sturdy quarters, putting in 686 and 546 megawatts (MW), respectively.
“The US photo voltaic trade continues to indicate energy when it comes to deployment,” mentioned Michelle Davis, head of worldwide photo voltaic at Wood Mackenzie and lead creator of the report. “At the identical time, the photo voltaic trade faces many challenges to its continued progress together with labor availability, excessive voltage tools constraints, and continued commerce coverage uncertainty.”
The residential photo voltaic section felt the complete brunt of California’s coverage adjustments and skilled its worst quarter in two years. The business and group photo voltaic market stays regular yr over yr.
Total US photo voltaic capability is anticipated to double over the subsequent 5 years, rising to 438 GW by 2029.
Courtesy of The Solar Energy Industries Association® (SEIA).
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