Over the next five years, expansion will be essentially flat, with average annual growth of around 2%.
The US solar industry is entering a lean cycle, with the pace of installations expected to largely plateau through the end of the decade — and that’s before taking into account any changes coming from US President-elect Donald Trump.
After a period of frenetic growth for US solar — with the rate of new deployments sporting double-digit growth in four of the last five years — installations in 2024 will slip 1.8% to 40.5 gigawatts, according to a report released Wednesday from Wood Mackenzie and the Solar Energy Industries Association.
