U.S. Solar Market Shatters Records With Unprecedented Growth

Dear Stewarts of Planet Earth,

In a breathtaking display of renewable prowess, the U.S. solar market has hit a record-breaking stride, with the third quarter of 2023 illuminating the industry's unmatched growth. Imagine a surge of energy so vast that it powers millions, a growth so robust that it promises a greener future—this is the current narrative of U.S. solar energy.

As the dawn of Q3 2023 broke, a staggering 6.5 gigawatts (GWdc) of solar capacity was unfurled across the nation, marking a stunning 35% leap from the same time last year and maintaining the vigorous momentum seen in the previous quarters. This feat wasn't just another statistic; it was the industry's crowning third-quarter achievement, a testament to the relentless push towards clean energy.

The sun has never shone brighter on solar's contribution to the U.S. grid, with a whopping 48% of all new electricity generation capacity stemming from this radiant resource in the first three quarters of 2023. Picture the landscape now speckled with over 4.7 million solar systems, an aggregate capacity glowing at 161 GWdc—enough to spark wonder and investment excitement.

The residential solar sector, a beacon of individual commitment to sustainability, has outdone itself yet again, installing 1.8 GWdc across more than 210,000 projects. The growth narrative here is fueled by the Golden State—California—where installations surged by an impressive 29% in Q3, building on a 31% year-over-year growth in the previous quarter. These numbers aren't just statistics; they're stories of homeowners turning rooftops into power stations.

On the commercial front, despite a slight 3% dip from Q3 2022 and a 6% slide from Q2 2023, the installation of 363 MWdc speaks volumes about the steadfastness of businesses in their solar transition. While the Northeast states showed a marginal slowdown, California and other burgeoning markets are stepping up, showcasing the sector's resilience.

Community solar, an inclusive chapter in this solar saga, added 274 MWdc to its repertoire. Despite the headwinds of interconnection and permitting challenges, a 14% year-over-year growth narrates a tale of communal effort and shared benefits, keeping the segment steady and determined.

The utility-scale segment, the powerhouse of the industry, erected just over 4 GWdc, vaulting a 58% growth over Q3 2022. This surge isn't just recovery from past supply chain constraints; it's a revolution, with installations nearing the total capacity of 2022 in just three quarters.

Financial aficionados, take note—the solar investment landscape is shimmering with opportunity as global module prices plummet by 30-40%, translating into a 10-15% price drop in the U.S. market. This descent isn't a fall but a graceful dive, guided by overcapacities abroad and legislative precision at home, like the meticulous enforcement of the Uyghur Forced Labor Prevention Act.

Wood Mackenzie's vision foresees a dazzling 55% growth for the U.S. solar industry this year over the last, with an expectation of 33 GWdc of capacity. This isn't just growth; it's an unprecedented expansion, predominantly propelled by the utility-scale segment, which is emerging from the shadows of last year's supply chain tribulations.

Looking ahead, the horizon gleams with an average annual growth rate of 14% over the next five years for the U.S. solar industry. Yet, this bright future isn't without its clouds. The industry must navigate the brewing storms of interconnection bottlenecks and transmission capacities to ensure that this growth doesn't flicker out.

This narrative isn't just about panels and percentages; it's about the unstoppable march towards a solar-powered nation, a story of innovation, investment, and, most importantly, impact. The solar saga continues, and every number tells a story of a future so bright, it sizzles.

It's Time To Go Green

Ready to ride the green wave? For businesses, it's time to harness the sun's power – the brighter choice for your bottom line. Investors, seize this solar moment; with incentives like the Inflation Reduction Act and grants, solar is the golden ticket that Wall Street's been keeping under wraps. Dive in now and discover how going green can mean earning green.

Investing in Solar is Wall Street's Best Kept Secret

For a future as bright as the sun, and rewards as deep as the ocean, reach out. Whether you're a business ready to slash those hefty electric bills with Biden's green incentives or an investor eager to capitalize on clean energy, I'm your beacon.

Connect with me, David, at [email protected] , drop me a line at 603-293-6074, or send a direct message through LinkedIn. And remember, refer a business or investor ready to go green, and you'll earn a shark-sized royalty. Don't just make a splash; start a wave.

Dive into the green revolution today!

Warmly,

David

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P. P. S. True leadership goes beyond guiding and mentoring; it's about giving back in tangible ways. Embodying the spirit of ethical and Mindful Godly leadership, White-Vogue Industries, under my stewardship, is proud to announce that we will be donating 3% of the profit from every commercial solar deal directly to Council For Unity to fight violence in schools. In this endeavor, we are inspired by trailblazers like Salesforce and Bombas socks, companies that have set remarkable precedents in corporate philanthropy. Together, let's illuminate the world with both solar energy and the promise of unity and peace.

? Published by: David Vogel, in Wolfeboro, New Hampshire

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