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U.S. Solar Industry Poised for Major Growth

According to the newly released U.S. Solar Market Insight 2018 Year-in-Review Report from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA), the U.S. installed 10.6 gigawatts (GW) of solar PV capacity in 2018 to reach 64.2 GW of total installed capacity, enough to power 12.3 million American homes. This represents a 2% year-over-year decrease. Total installed U.S. PV capacity is expected to more than double over the next five years - by 2024, more than 15 GW of PV capacity will be installed annually.

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