US: The Past Ten Years have Set the Stage for the
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Posted On: 03/10/2025 8:22:54 AM
US: The Past Ten Years have Set the Stage for the Solar+ Decade
Solar has seen massive growth since 2000. There are now over 219 gigawatts (GW) of solar capacity installed nationwide, enough to power over 37 million homes. In the last decade, solar deployments have experienced an average annual growth rate of 26%. Strong federal policies like the solar Investment Tax Credit (ITC), rapidly declining installation costs, and increasing demand for clean electricity across the private and public sector have driven this growth.
Growth in Solar is Led by Falling Prices
The cost to install solar has dropped by nearly 40% over the last decade, leading the industry to expand into new markets and deploy thousands of systems nationwide. An average-sized residential system has dropped from a pre-incentive price of $40,000 in 2010 to roughly $25,000 today, while recent utility-scale prices range from $16/MWh – $35/MWh, competitive with all other forms of generation.
https://seia.org/research-resources/solar-ind...arch-data/
icymi
Solar has seen massive growth since 2000. There are now over 219 gigawatts (GW) of solar capacity installed nationwide, enough to power over 37 million homes. In the last decade, solar deployments have experienced an average annual growth rate of 26%. Strong federal policies like the solar Investment Tax Credit (ITC), rapidly declining installation costs, and increasing demand for clean electricity across the private and public sector have driven this growth.
Growth in Solar is Led by Falling Prices
The cost to install solar has dropped by nearly 40% over the last decade, leading the industry to expand into new markets and deploy thousands of systems nationwide. An average-sized residential system has dropped from a pre-incentive price of $40,000 in 2010 to roughly $25,000 today, while recent utility-scale prices range from $16/MWh – $35/MWh, competitive with all other forms of generation.
https://seia.org/research-resources/solar-ind...arch-data/
icymi
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