Wood Mackenzie Renewables & Power says ‘solar sector added 32.4 GW in 2023, 51% higher from 2022’
an additional five gigawatts (GW) over last year’s capacity could be installed in 2024
Growth-rate expectations for the commercial, community and utility-scale segments are 19%, 15% and 26% for the year
high case for U.S. solar with increased supply chain stability, more tax credit financing and lower interest rates would increase our (solar installation) outlook (by) 17%
low case with supply chain constraints, less tax credit financing and static interest rates would decrease our outlook (by) 24%
California’s residential solar installation is expected to decline by 13% in 2024 on the shift to NEM 3.0