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U.S. Solar Panel Manufacturing Capacity Grows Nearly 4x Under New Federal Incentives

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U.S. solar industry added 9.4 GW of new installation capacity in Q2 2024, but challenges persist that hinder the market’s full potential

ANAHEIM, Calif. and WASHINGTON, D.C. — Solar module manufacturing capacity in the United States now exceeds 31 gigawatts (GW) — a nearly four-fold increase since the Inflation Reduction Act (IRA) became law in 2022.

According to the U.S. Solar Market Insight Q3 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, federal clean energy policies continue to drive manufacturing and deployment growth as the solar industry installed 9.4 GW of new electric generation capacity in Q2 2024.

In two years under the IRA, the solar industry has added 75 GW of new capacity to the grid, representing over 36% of all solar capacity built in U.S. history. Nearly 1.5 million American homes have installed solar since the IRA passed.

Source: https://seia.org

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