US solar sector installs record 19GW of capacity in 2020

The US solar power industry added a record 19GW of capacity in 2020, according to latest analysis from Wood Mackenzie and the Solar Energy Industries Association (SEIA).

The joint ‘U.S. Solar Market Insight 2020 Year-in-Review’ report found that solar accounted for 43% of new electricity-generating capacity, leading all technologies in the US for the second year in a row.

In the fourth quarter alone, 8GW of new installations were recorded – marking the largest quarter in US solar history.

California, Texas, Florida and Virginia were the top four states for annual solar capacity additions, all over which installed over 1GW of solar PV last year. In addition, 27 states installed over 100MW of new solar capacity, another record.

Wood Mackenzie’s 10-year forecast predicts the US is on track to install a cumulative 324GW of new capacity to reach a total of 419GW over the next decade.

“After a slowdown in Q2 due to the pandemic, the solar industry innovated and came roaring back to continue our trajectory as America’s leading source of new energy,” said SEIA president and CEO Abigail Ross Hopper.

“The forecast shows that by 2030, the equivalent of one in eight American homes will have solar, but we still have a long way to go if we want to reach our goals in the Solar+ Decade.”