US adds 6.5GW of solar PV in record third quarter, residential to decline in 2024

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The US solar industry has registered its best third quarter ever with 6.5GW of PV installed in Q3 2023 but residential started slowing down.

The US solar industry has registered its best third quarter ever with 6.5GW of PV installed in Q3 2023, but residential started to show a slowdown in certain states.

According to research from the Solar Energy Industries Association (SEIA) and Wood Mackenzie, some of the biggest residential markets – such as Texas, Arizona and Florida – have experienced quarterly and annual declines in installed capacity in Q3 2023, despite a record number of installs with 210,000 systems.

Despite slowdowns in these major states, residential solar installed 1.8GW in Q3 2023, a 12% increase year-over-year and setting another quarterly record. During the first three quarters of the year, the segment is up 24% from the same period last year. In total, 34 states and Puerto Rico have had an annual growth during that period.

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Source: PV Tech

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