According to the Solar Market Insight Report by SEIA, the US solar market installed 9.4 GW (DC) of capacity in Q2 2024, setting a record despite a 21% drop from Q1. Year-over-year, installations rose by 29%. Solar accounted for 67% of new electricity-generating capacity in the first half of 2024. Texas led with 5.5 GW (DC) installed, followed by Florida with 2.9 GW (DC). US-based domestic module manufacturing grew by 10 GW to 31.3 GW. Residential installations declined to 1.1 GW (DC), driven by California’s net billing shift. Utility-scale solar surged 59% year-over-year with 7.6 GW (DC) installed. As per SEIA, anticipated tariffs on Southeast Asian imports are expected to have minimal impact due to alternative supply chains.
US solar capacity hits 9.4 GW (DC) in Q2 2024
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