Report: U.S. Solar Panel Manufacturing Capacity Grows Nearly 4× 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, California 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,
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