US Adds 9.3 GW Of New Solar Module Manufacturing Capacity In Q3: Report

The latest report from the US Solar Market Insight said that the United States (US) added 9.3 gigawatts (GW) of new solar module manufacturing capacity in Q3 of 2024.

According to the US Solar Market Insight, Q4 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, five new or expanded factories in Alabama, Florida, Ohio, and Texas bring total US solar module manufacturing capacity to nearly 40 GW. Whereas, US solar cell manufacturing resumed in Q3 as silicon cells were manufactured in the United States for the first time since 2019. This can support America’s surging solar manufacturing sector.

The Solar Energy Industries Association (SEIA) and Wood Mackenzie’s Q4 2024 report predicts that US solar module factories, operating at full capacity, can produce enough modules to meet nearly all domestic demand. In Q3, the US solar industry installed 8.6 GW of new electricity generation capacity—a 21% year-over-year increase. It was the largest Q3 output in the industry so far, the report said.

Total solar deployment in 2024 is again expected to exceed 40 GW, followed by annual installation volumes of at least 43 GW for the remainder of the decade. By 2029, total U.S. solar will be enough to power over 71 million homes.

Solar Deployment Across Different Segments

The utility-scale segment led the industry with 6.6 GW of new projects coming online. Utilities and businesses are driving this growth as they procure significant levels of solar to meet the rising electricity demand. The commercial and community solar markets also experienced strong gains in Q3, growing by 44% and 12% year-over-year, respectively.

Texas continues to lead the nation in solar deployment, adding 2.4 GW of capacity in Q3. The Lone Star State accounts for 26% of all new capacity to come online so far in 2024. Florida has installed the second-most solar capacity in 2024, and nearly 30,000 Florida households have installed solar this year. In the last two years, 1.4 million American households have used federal incentives to install solar and lower their energy costs.

“Federal solar policies and increased private investments are strengthening our nation’s energy security and creating thousands of new job opportunities for American workers,” said SEIA president and CEO Abigail Ross Hopper.

“Our current outlook for the next five years has the U.S. solar industry growing 2% per year on average, reaching a cumulative total of nearly 450 GW by the end of 2029,” said Michelle Davis, head of solar research at Wood Mackenzie and lead author of the report. “Demand for solar remains robust, and annual installation forecasts would be higher if not for limitations the industry faces, including those related to interconnection, labor availability, supply constraints, and policy.”