US Solar Set for Record-Breaking Year as Incentives Kick In
- US to add 33 gigawatts of solar in 2023 despite headwinds
- Incentives from landmark US climate law is boosting solar
Total US capacity is expected to reach 377 gigawatts by 2028, enough to power more than 65 million homes.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US solar installations are on track to reach a record 33 gigawatts in capacity this year, driven by clean-energy incentives that are expected to sustain deployments for the coming years.
Installations surged 55% from 2022 as incentives from the Inflation Reduction Act spur wider use of solar power, according to a report published Thursday by the Solar Energy Industries Association and research firm Wood Mackenzie.