Solar Panel Manufacturing Is Exploding In The US In 2024

In the nation, manufacturing capability fell by 71 % through the first quarter of the yr

The first quarter of 2024 broke data within the United States as a result of 11 gigawatts (GW) of latest photo voltaic panel manufacturing capability got here on-line within the nation. This represents the most important manufacturing progress for photo voltaic in a single quarter within the US.

Manufacturing capability continues to develop

The just lately printed US Solar Marketing Insight report centered on the yr thus far and compiled by the Solar Energy Industries Association (SEIA) and Wood Mackenzie states that the whole quantity of photo voltaic manufacturing capability panel within the United States is now larger than 26 GW per yr.

In addition, the trade has already put in a notable 11.8 GW of extra capability, which implies that the whole capability within the US tops 200 GW.

The newly printed report additionally contains beforehand unreleased knowledge from 2023, exhibiting that the US added greater than 40 GW of latest capability final yr alone.

This yr will likely be one other for the expansion of photo voltaic panel manufacturing within the US

According to Wood Mackenzie, there will likely be one other 40 GW of newly put in initiatives within the US photo voltaic trade this yr, if every little thing stays on observe.

“This quarter proves that new federal investments in clear power are revitalizing American manufacturing and strengthening our nation’s power financial system,” stated Abigail Ross Hopper, SEIA’s president and CEO. “Whether it is a billion-dollar funding in a close-by photo voltaic venture or a brand new manufacturing plant that employs tons of of native staff, the photo voltaic and storage trade energizes communities in each state throughout the nation.”

Some states are main the pack

This yr is off to a powerful begin, particularly in terms of progress within the utility-scale market. This pushed ahead the report of photo voltaic panel deployment because the sector added virtually 10 GW of extra capability within the first quarter alone. Texas and Florida have been the states that led their strongest utility-scale progress in that quarter.

That being stated, they aren’t alone. Ohio and New Mexico are additionally pushing forward with power, having put in 546 megawatts (MW) and 686 megawatts (MW) respectively.