Report: U.S. Solar Market Sizzled in 2023, Further Strong Growth Expected

March 11, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The U.S. solar market surged in 2023, with record installations totaling about 32.4 gigawatts (GW), a 51% jump over 2022, according to a new report from Wood Mackenzie (Edinburgh, Scotland) and the Solar Energy Industries Association (SEIA) (Washington, D.C.). Their report, "U.S. Solar Market: 2023 Year in Review," was released March 7. It said solar accounted for approximately 53% of all new electric generating capacity added to the U.S. grid in 2023, the first time solar garnered more than 50% of all new generating capacity