2023Q4 United States Solar Market Sees Record Growth, Surpassing 161 Gigawatts Installed

Published: Dec 11, 2023 17:26

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The "2023Q4 United States Solar Market Insights" report released by the Solar Energy Industries Association (SEIA) and consulting firm WoodMackenzie points out that the United States added 6.5 gigawatts of new solar photovoltaic installations in the third quarter of 2023, representing a 35% year-on-year increase and setting a new historical high. As of the first three quarters of 2023, the cumulative solar photovoltaic installations in the United States reached 161 gigawatts, surpassing one-third of all electricity generation installations. The report also indicates that in the third quarter of this year, the utility-scale segment saw a 58% growth in new installations, while the residential solar sector saw a 12% growth. With the implementation of federal clean energy policies, the U.S. solar market is showing strong growth momentum.

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