Key Market Indicators
Solar energy in America is set for a major surge in the coming years. Capacity is predicted to grow by 4.6% year-on-year on a compound annual growth rate (CAGR) basis, increasing from 93,710 megawatts in 2021 to 117,980 megawatts in 2026. This marks a 23.2% increase since 2001. Similarly, American solar energy consumption is set to increase 4.5% every year on average, reaching 1.97 exajoules by 2026 from 1.56 exajoules in 2021. Since 1994, demand has grown 23.9% annually.
The United States Solar Energy Market Data and Forecasts
How much will the United States Solar Energy Market grow to 2026?
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