US utility solar market has grown 34% since Q2 2023

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US installed solar capacity has grown 34% since the second quarter of 2023, with more than 110,000 MW of projects now operating.

Developers continued to take advantage of the Inflation Reduction Act in the second quarter as they added utility-scale solar projects in the United States at a record pace.

There was 7,369 MW of solar installed in the quarter, a 49% increase from the first quarter, according to data from S&P Global Market Intelligence. U.S. installed solar capacity has grown 34% since the second quarter of 2023, with more than 110,000 MW of projects now operating.

Developers plan to add more than 40,292 MW of solar this year, with 3,727 MW announced, 14,548 MW in early development, 1,473 MW in advanced development and 20,543 MW under construction. There is nearly 233,000 MW additional solar capacity in development in the U.S. through 2028, according to Market Intelligence data.

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Source: Solar Power World

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