2024 to be a Record Year for US Solar with 32 GW of Installations

[Think. Again.]

Michelle Lewis, Nov 29 2024 - 9:52 am PT
Source: https://electrek.co/2024/11/29/2024-us-solar-with-record-32-gw-of-installations/

The US is on track for another record-breaking year for solar, with over 32 gigawatts (GW) of utility-scale installations expected in 2024, according to the inaugural Solar Market Monitor from the American Clean Power Association (ACP) and S&P Global Commodity Insights.

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This year has been extraordinary for the solar industry, thanks to the expected rush to meet the tariff moratorium’s deadline, which led to the projected installation spike. That frenzy will be followed by a slight dip in 2025, with installations anticipated to be about 16% lower compared to 2024. However, the market is expected to bounce back, with steady growth throughout the decade.

Capital costs for solar projects are also expected to keep dropping. By 2035, costs are projected to be 14% lower, driven mainly by declining solar module prices.

And, while the Trump administration and the new Republican-majority Congress are expected to revisit parts of the Inflation Reduction Act (IRA), it’s unlikely that the IRA will be entirely dismantled. That means the foundation for growth should remain intact.

-snip

[NNadir]

1. It is also a record year for new accumulations of carbon dioxide...

Last edited Mon Dec 2, 2024, 12:56 PM - Edit history (1)

...in the planetary atmosphere.

This is not a coincidence and is tied to the common but dishonest use of the unit of peak power instead of the unit of energy when describing so called "renewable energy" to obscure its dependence on fossil fuels.

Solar power rarely achieves 25% capacity utilization.

[Think. Again.]

2. That's true!

Energy usage is increasing far faster than we are building out any type of clean energy production.

We really need to speed up the construction of solar, wind, nuclear, and even wave energy plants to continue replacing fossil fuel/coal plants.