U.S. solar capacity expected to triple in next 10 years

RYAN KENNEDY | Source: PV Magazine | Posted 04/24/2025

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After years of record-breaking installation totals and double-digit growth, .growth in the U.S. solar industry is expected to be relatively flat over the next decade, said Sylbia Leyva Martinez, principal analyst, Wood Mackenzie at the company’s annual solar and energy storage summit.

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The U.S. solar industry is projected to see its capacity nearly triple over the next decade, despite expectations of relatively flat growth in the coming years. According to Wood Mackenzie, the U.S. solar sector added a record 50 GW in 2024, but future annual installations are expected to decline to between 40 GW and 50 GW until 2028, before resuming modest growth through the mid-2030s. The total cumulative solar capacity is anticipated to reach around 236 GW by the end of 2024, but various policy outcomes could significantly alter these forecasts.

Key uncertainties affecting the solar industry's future include the anticipated exponential growth in electricity demand driven by AI data centers, potential gas turbine shortages, political uncertainties regarding tariffs, and the future of tax credits under the Inflation Reduction Act. Additionally, challenges such as grid interconnection delays and labor availability may hinder development. On a positive note, U.S. solar manufacturing capacity is rapidly expanding, with projections indicating a rise from 17 GW in 2023 to 144 GW by 2027, despite potential trade policy challenges that could impact investments.

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Source Link: https://pv-magazine-usa.com/2025/04/23/u-s-solar-capacity-expected-to-triple-in-next-10-years/

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U.S. solar capacity expected to triple in next 10 years

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