Within the first quarter of 2024, the U.S. photo voltaic trade put in 11.8 GW of recent photo voltaic capability, bringing the nation’s whole to 200 GW. That is in keeping with the newest “U.S. Photo voltaic Market Perception” report from SEIA and Wooden Mackenzie.
The report additionally publishes the ultimate numbers for 2023 — the nation added over 40 GW of recent photo voltaic capability final 12 months. Wooden Mackenzie expects that the U.S. photo voltaic trade will set up one other 40 GW in 2024.
Large progress within the utility-scale market is driving file photo voltaic deployment figures because the section added practically 10 GW of recent capability in Q1. Florida and Texas noticed robust utility-scale progress and led all states for brand spanking new photo voltaic capability in Q1. Different markets like New Mexico and Ohio additionally had robust quarters, putting in 686 and 546 MW, respectively.
“The U.S. photo voltaic trade continues to indicate power by way of deployments,” stated Michelle Davis, head of worldwide photo voltaic at Wooden Mackenzie and lead creator of the report. “On the identical time, the photo voltaic trade faces quite a lot of challenges to its continued progress together with availability of labor, excessive voltage gear constraints, and continued commerce coverage uncertainty.”
The residential photo voltaic section is feeling the total weight of coverage modifications in California and skilled its worst quarter in two years, putting in simply 1.3 GW — a 25% decline year-over-year and 18% quarter-over-quarter. The business (434 MW) and group photo voltaic (279 MW) markets remained regular year-over-year.
