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The U.S. solar photovoltaic (PV) sector is a global leader in installed capacity and energy generation, ranking second only to China. Over the past five years, it has experienced significant growth. According to EUPD Research’s GET Matrix, the U.S. added 26.3 GWac of new PV capacity in 2023, bringing its cumulative capacity to 137.53 GWac by the end of the year. The U.S. PV market is primarily driven by the utility segment, with the residential sector also playing a critical role in recent growth. EUPD Research attributes much of this expansion to government policies at both the federal and state levels, such as the Investment Tax Credit (ITC) and net metering programs. While California, the leading state for PV deployment, has been affected by a less favorable net-metering policy in 2024, and rising interest rates have slowed growth in the residential sector, steady progress is expected in the residential segment. The residential PV market is projected to grow gradually in the coming years, with 13% of U.S. households expected to have rooftop solar PV systems by 2030.
This September, RE+ in Anaheim provided business opportunities and education content across the clean energy industry including solar, energy storage, hydrogen, microgrids, EV charging and infrastructure, and wind energy.
Were you unable to attend, or want to relive the event from the comfort of your own home or office? We brought back exclusive insights and impressions from the event for you. Experience the showfloor with these Booth Walkthroughs!
