Solar Energy: A Cornerstone of the U.S. Renewable Transition

Solar Energy: A Cornerstone of the U.S. Renewable Transition

Solar energy is pivotal in the U.S. shift to renewable energy, providing a cleaner alternative to fossil fuels. Photovoltaic (PV) solar panels capture solar energy and convert it into electricity. The popularity of solar PV panels has surged in recent years. According to the U.S. Solar Market Insight 2023 Year in Review by the Solar Energy Industries Association (SEIA), solar accounted for 53% of all new electric generating capacity added to the grid in 2023. By the end of 2023, the U.S. solar industry had added a record-breaking 32.4 gigawatts (GW) of new solar PV capacity, a 37% increase from the previous record set in 2021, and a 51% increase from 2022. The installed capacity of solar PV systems in the U.S. exceeded 100 GW in 2022, with 75% of this capacity deployed within the previous five years. Now, U.S. solar capacity exceeds 200 GW, enough to power 56 million American homes.

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