Source: The US solar market is projected to triple in size by 2028
Summary
The US solar market is expected to triple in size with an estimated installed solar capacity of 378 GW by 2028, according to a report by the Solar Energy Industries Association and Wood Mackenzie. Florida was the top solar state with more than 70% more solar capacity added in Q1 2023 than California. The residential market is on track to add 36 GW of solar over the next five years, a 6% annual growth rate, and the commercial market is on track for 12% growth in 2023.
Fact