Quarterly Solar Industry Update
Each presentation focuses on global and U.S. supply and demand, module and system price, investment trends and business models, and updates on U.S. government
Together, solar and battery storage account for 81% of the expected total capacity additions, with solar making up over 50% of the increase. Solar. In 2024, generators added a record 30 GW of utility-scale solar to the U.S. grid, accounting for 61% of capacity additions last year.
From pv magazine USA With much uncertainty around the final tariffs on solar and energy storage components coming into the United States, one thing that is certain, according to a recent report from Wood Mackenzie titled “All aboard the tariff coaster: implications for the US power industry,” is that the cost of power and energy storage will rise.
Solar's share of U.S. electricity generation has risen from less than 0.1% in 2010 to nearly 8% today. Solar has grown to play an increasing role in many states, now making up more than 20% of electricity production in four states.
Pricing Because domestic solar modules are in high demand and short supply, suppliers are charging a premium of about $0.12 per watt for fully domestic cells with U.S. assembly, compared to fully imported modules.
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