U.S. Solar Industry Hits Major Milestone With 5 Million Installations

Solar developers in the United States have reached a milestone of 5 million systems, the Solar Energy Industries Association and Wood Mackenzie have reported. According to the release, the SEIA and Wood Mac expect this number to double by 2030 and triple by 2034, with the pace of installations quickening significantly. Last year, the SEIA and Wood Mac said, solar additions represented the biggest chunk of new power generation capacity growth.

A temporary tariff exclusion will help reduce production costs and incentivize increased investment in domestic manufacturing,” SEIA president Abigail Ross Hopper said. Solar is a key element of the Biden administration’s transition plan but despite the generous support, demand has been wobbly recently as states phase out certain incentives. Even so, the outlook remains robust, according to SEIA and others.

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