Between 2013 and 2023, solar energy consumption in North America showed a significant upward trend, rising from 0.17 Exajoules to 2.54 Exajoules. The year-on-year growth fluctuated initially but stabilized around higher growth rates, indicating robust adoption. Most notably, the compound annual growth rate (CAGR) for the past from 2018 to 2023 stood at 21.35%, reflecting healthy and accelerating interest in solar energy solutions.

For forecasted data from 2024 to 2028, a more stable yet modest CAGR of 8.41% is expected, suggesting a more mature market phase. This aligns with the gradual decrease in annual growth rates projected onward.

Future trends to watch for:

Technological advancements that could further reduce costs and improve efficiency.
Government policies and subsidies impacting solar energy adoption rates.
Increased corporate adoption of solar energy to meet sustainability goals.
Potential new markets and applications for solar energy beyond traditional uses.