The United States added 35.3 GW of new solar energy production capacity in 2023.

27 March, 2024
This represents a 52% increase compared to the 23 GW achieved in 2022. 2022 saw a reduction in electricity demand, but nevertheless, despite lower demand for electricity, significant declines in wind and hydro generation resulted in reduced growth in renewable electrical energy production.
In 2023, the United States will reach a public sector-scale solar energy record of 24GW of capacity. Small-scale solar accounted for almost 11.6 GW of capacity. The total deployed capacity of 35.3 GW was 52% higher than the capacity reached in 2022.

The U.S. Department of Energy’s Energy Information Administration (EIA) plans to deploy at least 50 GW of solar energy in 2024.

Overall, low-emission electricity sources, excluding nuclear, saw a marginal increase from 962 TWh to 972 TWh of generation. The flat growth was due to hydroelectricity falling just over 6%, while wind fell almost 2%. Overall, renewables, which accounted for 1% growth and 2% decline in electricity demand, covered 23% of all generation, setting a new record. Adding nuclear power, 41.1% of all electricity generated came from zero-carbon sources, another all-time high.

One of the reasons for the strong deployment volume growth in 2023 was a recovery from the slowdown in 2022 due to the pandemic and supply chain constraints. The largest price increase occurred in solar modules, whose prices were heavily influenced by a significant increase in polysilicon costs. However, since then, polysilicon prices have fallen dramatically and module prices have remained near all-time lows in recent months.

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