US solar manufacturing ramped up sharply in the first quarter of 2025, supporting record levels of new capacity as solar and storage made up 82% of additions to the grid. But proposed legislation and rising import tariffs could cloud growth prospects.
A recent Wood Mackenzie report examines two possible tariff scenarios and concludes that costs will skyrocket for both utility-scale solar development and battery energy storage systems.
Third-party ownership dominated the US commercial and community solar market, reaching 72% a share in 2024, says Wood Mackenzie.
Proposed US budget could deter renewable energy development and weaken domestic manufacturing by phasing out key clean energy tax credits early, says a Wood Mackenzie analyst.
Wood Mackenzie predicts Australia will fall well short of its target of 82% renewable generation by 2030 due to grid connection delays, inadequate investment, and moves from some state governments to scale back their clean energy ambitions.
Wood Mackenzie forecasts the Middle East and North Africa region will emerge as a tariff haven and overtake Southeast Asia as a top solar export hub, becoming the primary exporter of solar panels to the US towards the end of this decade.
At pv magazine’s Focus event at Intersolar Europe this week, moderated by ESS News Editor Marija Maisch, the panelists discussed co-location and financing, alongside forward-looking presentations on market trends.
US residential solar prices fell to a record low of $2.50 per watt in the second half of 2024, said EnergySage. The marketplace operator reported average pre-incentive quotes of $28,750 for rooftop systems.
With an investment reportedly approaching $400 million, the manufacturing plant will be built in two phases with phase one producing 2 GW of solar modules and phase two expected to produce 2 GW of solar cells in 2026.
Wood Mackenzie warns that policy uncertainty could significantly alter its projections for US solar industry growth. The research firm says the US solar industry will add 502 GW (DC) of capacity over the next decade, with annual installations surpassing 40 GWdc through 2035.
This website uses cookies to anonymously count visitor numbers. View our privacy policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.