The U.S. solar industry had a record year in 2020 despite the coronavirus pandemic, according to a new report from the Solar Energy Industries Association and Wood Mackenize.
Installations grew 43% year over year during 2020, reaching a record 19.2 gigawatts of new capacity, according to a report released Tuesday from the Solar Energy Industries Association and Wood Mackenize. Following a slowdown in the second quarter as the pandemic ground operations to a halt, residential solar saw a record-setting sales pipeline in the second half of the year, boosted by customers interested in home improvements. The report's authors believe this momentum in the back half of the year likely continued into 2021.
"Residential solar sales continue to exceed expectations as loan providers roll out attractive products, interest in home improvement surges, and customers suffering through power outages from extreme weather events seek energy resilience," the report said.
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