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SEIA projected a 14% drop in residential and 6% in utility-scale solar over the next five years. Image Source: SEIA
SEIA, a Washington D.C.-based solar industry association, and Wood Mackenzie, a UK-based energy research firm, have released their Q2 2025 Solar Market Insight report. According to the report, the US installed 10.8GW of solar capacity and added 8.6GW of module manufacturing in Q1 2025 through eight new or expanded factories in Texas, Ohio, and Arizona. Solar cell manufacturing has also doubled to 2GW with a new facility in South Carolina. Despite these gains, SEIA and Wood Mackenzie have projected a 14% decline in residential and 6% in utility-scale solar over five years due to proposed legislation and tariff-related risks. SEIA warned that if passed, the bill could threaten 330,000 jobs and $286billion in investments. Earlier this year, SEIA also sounded alarm as a reconciliation bill risked massive solar job losses.