2023 will be the largest year ever for solar installations in the United States. After
a disappointing 2022, the U.S. solar industry is expected to end 2023 with a staggering number of installations – 32 GW of new solar capacity is expected to come online in 2023, a 52% increase from 2022. This is according to the Solar Market Insight for the Third Quarter of 2023 report released today by SEIA and Wood Mackenzie.
It will be the first time the US industry has installed more than 30 GW in a single year, marking 2023 as the biggest year ever for solar.
In recent years, the solar market has been hampered by the supply chain challenges posed by COVID-19 and exacerbated by restrictive trade policies. These challenges are beginning to wane, and with the implementation of the Inflation Suppression Act (IRA) policies, Wood Mackenzie expects total solar operating capacity to grow from 153 GW today to 375 GW by 2028. "The United States now dominates the global clean energy economy, with States such as Florida, Texas, Ohio and Georgia at the forefront of job growth and economic prosperity," said Abigail Rose Hopper, president and CEO of the
American Clean Energy Association. "The solar and energy storage industry is providing abundant clean energy, generating tens of billions of dollars in private investment, and this is just the tip of the iceberg."
Looking ahead to 2023, the U.S. utility building and residential solar markets have so far led the way in new capacity additions in the second quarter, growing by 3.3 GW and 1.8 GW, respectively. This marked the largest quarterly increase in the history of the residential solar market, as customers in California rushed to install solar before net metering rules took effect. The
commercial solar market declined in the second quarter, mainly due to the backlog of interconnection projects and hesitation to move forward with projects until the IRA tax credit policy is fully clear. Despite these challenges, rising energy prices in certain States are driving demand in the commercial solar market, with the industry expected to grow by 11% in 2023.
Florida continues to dominate the state solar rankings in 2023, adding 2.5 GW of new capacity in the first half of the year. That's 52% higher than next highest state, California, and already exceeds the installed solar capacity of Florida in a year.
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