The US solar industry has the very best level in 20 years. The US Solar Industry Association (SEIA) said on Wednesday that the US showed record growth by installing 50 GW (GW) photovoltaic solar light in 2024.
In line with a survey of world consulting firm Wood McKenzi and SEIA, 84%of the brand new power production capability of the US last yr was because of solar and storage devices.
The production of solar modules also increased tripled last yr, allowing domestic demand to satisfy domestic demand by producing in the US. The manufacture of solar cells was also resumed, and the US energy supply chain was strengthened.
America faced a turning point within the US photovoltaic manufacturing sector by raising the capability of solar modules to 40GW within the third quarter of last yr. In consequence, solar price is anticipated to diminish by 14% by 2035.
By region, Texas installed probably the most 11.6GW solar energy last yr, and a complete of 21 states broke the annual installation record. The utility division grew 33% last yr, reaching 41.4GW, and the community solar and business solar energy grew 35% and eight%, respectively.
This was analyzed by the federal government’s support and policies, similar to the Inflation Reduction (IRA) and the tax deduction.
“The solar and energy storage industry in the US has led to job creation and economic growth by setting historical installation and manufacturing records in 2024,” said Abigail Rose Hopper.
Nevertheless, with the Trump administration, the promotion of renewable energy policy in the US has develop into uncertain. If the renewable energy support policy changes rapidly, it is anticipated to cut back 130GW of renewable energy capability and $ 250 billion in investment losses over the following 10 years.
President Trump pledged to withdraw from major climate policy and withdrawal of the Paris Climate Convention, which the Biden administration approved within the presidential election, and officially withdrawn from the Paris Agreement in January.
Meanwhile, the US land -style power generation industry is anticipated to fall right into a sluggishness, with the US, following China, which imposes tariffs on Maxiko and Canada.
By Lee Jae -seung, reporter Energy@aitimes.com
