US installs more solar in 2023 than ever before
Handy Tech Group Inc.
Application & business problem solving experts of mechanical components sold to industrial OEM's in the Southeast
The United States installed 32.4 GW of solar energy in 2023, a 51% increase from 2022. This is according to the “U.S. Solar Market Insight 2023 Year-in-Review” report released by SEIA and Wood Mackenize.
Solar accounted for 53% of all new electric generating capacity added to the grid last year, the first time a renewable energy source has accounted for over 50% of annual capacity additions.
“If we stay the course with our federal clean energy policies, total solar deployment will quadruple over the next 10 years,” said SEIA president and CEO Abigail Ross Hopper. “The Inflation Reduction Act is supercharging solar deployment and having a material impact on our economy, helping America’s solar module manufacturing base grow 89% in 2023. We must protect and optimize the policies that are driving these investments and creating jobs, and the stakes in the upcoming election couldn’t be higher.”
Total U.S. solar capacity is expected to grow to 673 GW by 2034, enough to power more than 100 million homes.