Investing in solar power in the United States

Is solar energy booming in the United States?

Solar energy in the United States is booming. Along with our partners at Wood Mackenzie Power & Renewables, SEIA tracks trends and trajectories in the solar industry that demonstrate the diverse and sustained growth of solar across the country. Below you will find charts and information summarizing the state of solar in the U.S.

What is the future of solar power?

The United States is now home to 8% of global lithium-ion battery production and in 2024 solar PV module manufacturing capacity nearly tripled to 42 GW. With a boom in Artificial Intelligence (AI), and subsequent investment in data centres (DC), companies are racing to secure sources of clean electricity.

Which companies are investing in solar?

Data from SEIA's annual Solar Means Business report show that major U.S. corporations, including Meta, Amazon, Google, Apple, and Walmart are investing in solar and storage at record levels. Through Q1 2024, the top corporate solar users in America have installed nearly 40 GW of solar capacity, along with over 1.8 GWh of battery storage.

Why does the United States invest in energy?

Energy investment in the United States reflects its prioritisation of energy security, with a subsequent strategic push to establish a presence in emerging value chains and to supply international markets.