Solar may have had a peak year in 2024, as persistent challenges in interconnection labor and more are forecast to lead to 1% annual declines through 2035, said a report from Wood Mackenzie.
The announcement comes after the EPA instantly froze the funds last month.
The US Energy Information Administration (EIA) projects 32.5 GW of solar, 18.2 GW of energy storage, and 7.7 GW of wind will be deployed this year. These additions will make up nearly 93% of total new capacity, which is expected to hit a record 63 GW.
The flagship annual solar and storage conference drew over 500 exhibitors and nearly 10,000 attendees to San Diego, California, February 25-27 to advance solar and energy storage across the continent.
A new report by the Business Council for Sustainable Energy and BloombergNEF unpacks the market and policy trends facing the U.S. solar industry.
Administrator Zeldin said there will be “zero tolerance of any waste and abuse,” saying financial agreements under the Greenhouse Gas Reduction Fund must be “instantly terminated.”
China has announced new export restrictions on materials essential for the thin-film solar industry, including critical minerals such as tungsten, tellurium, and indium.
The buildout is happening across the domestic solar supply chain and, at full capacity, planned facilities will produce enough to meet the demand for solar in the U.S., according to the Solar Energy Industries Association.
The average cost of an 11 kW rooftop solar installation after federal tax credits is $20,552 in the United States, said marketplace operator EnergySage. What will your utility-provided electricity cost over the next 25 years?
The U.S. added 30 GW of solar in 2024 and is expected to remain the largest source of new generating capacity added over the next two years.
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