By Q3 2024, module manufacturing capacity surged to nearly 40 GW, up from less than 7 GW in mid-2022
A Rapid Expansion in Capacity
Domestic solar manufacturing has seen extraordinary growth in recent years. By Q3 2024, module manufacturing capacity surged to nearly 40 GW, up from less than 7 GW in mid-2022. This expansion highlights the transformative impact of policies like the Inflation Reduction Act (IRA), which introduced domestic manufacturing and procurement tax credits. These measures have catalyzed investment in new facilities and technologies, creating a robust foundation for sustainable growth.
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