The Us Installed More Solar in Q1 2024 Than It Did in All Of 2018
In Q1 2024, the US saw the largest quarter of solar manufacturing growth in its history, bringing its total installed
Electrek 4:16 am on June 6, 2024
In Q1 2024, the US saw a significant solar installation growth of over 75% compared to all-time highs in previous years. Total installed capacity reached 26.6 GW with projections for 40 GW additions this year and more than double by 2029. However, policy challenges and trade uncertainties persist, impacting the residential market's performance.
- Record-setting Solar Installation: Q1 2024 witnessed a major boost in US solar installations, surpassing historical quarterly growth rates.
- Total Installed Capacity: The installed capacity hit 26.6 GW as of Q1 2024, with expectations for significant additions this year and future expansion plans.
- Policy Challenges Affecting Residential Sector: Despite growth in the utility-scale segment, residential solar faced setbacks due to policy issues, particularly highlighted by California's regulatory environment.
- Expansion Outlook: The solar industry is projected to grow beyond 438 GW capacity by 2029, signaling a robust future for clean energy developments.
https://electrek.co/2024/06/05/us-solar-q1-2024/