The solar power industry in the United States has seen impressive growth in recent years. As a result of growing environmental concerns over the rise in carbon emissions caused by the usage of traditional fuels for transportation and power generation, modern consumers have become more conscious now. The government has also provided evident tax benefits for installing solar PVs.
Here’s what the industry has achieved so far:
As per the report released by SEIA, Solar accounted for 50% of all new electricity-generating capacity added to the US grid in 2022, the fourth consecutive year that solar was the top technology for new additions. The country installed 20.2 gigawatts (GWdc) of solar PV capacity, bringing the total installed capacity to 142.3 GWdc, enough to power 25 million homes last year. Further, it is projected that the total base of installed solar will be five times larger in 2033 than it is today.