US Solar Market Registers Best Q1 in Industry History as Supply Chains Stabilize

According to the US Solar Market Insight Q2 2023 report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the US solar industry had its best first quarter in history, installing 6.1 gigawatts of solar capacity. The report says that the solar market is on track to triple in size over the next five years, thanks to a surge in demand from the Inflation Reduction Act (IRA). Wood Mackenzie predicts that the total installed solar capacity will reach 378 GW by 2028. The IRA has also spurred a surge of new manufacturing announcements, with domestic module capacity expected to rise from fewer than 9 GW today to more than 60 GW by 2026.



Learn with us in small steps

Find out more about us