USA is expected to surpass 3 million installed solar system in 2021, WoodMack
Post date: 09/05/2019 - 17:49
Wood Mackenzie analysts expect the U.S. to crack the number of 3 million solar installations in 2021 and 4 million in 2023. Currently, the number of solar installations in the United States has surpassed 2 million, according to the latest data from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). The 2 million solar systems currently installed, which represent more than 70 GW of capacity, provide enough electricity for around 12 million homes. The milestone comes just three years after the industry completed its 1 millionth installation, which took 40 years to achieve.
»The rapid growth in the solar industry has completely reshaped the energy conversation in this country,« said Abigail Ross-Hopper, president and CEO of trade group SEIA. »This $17 billion industry is on track to double again in five years, and we believe that the 2020s will be the decade that solar becomes the dominant new form of energy generation.«
California was central to the market's early years. The state accounted for 51 percent of the first million installations but 43 percent of the second million. Residential installations in the US dropped 15 percent between 2016 and 2017, with Tesla’s share showing the most extreme decline during that period, dropping from 650 MW to 352 MW, says the consultancy.