US solar market expected to triple in size by 2028

The US solar industry installed 6.1 GW of capacity in the first quarter of 2023 with the surge in demand triggered by the Inflation Reduction Act (IRA) of 2022. Wood Mackenzie forecasts the solar market to triple in size by 2028, driven by tax credits and incentives for US manufacturing. The IRA provides adders for domestic content, energy communities, and low-income community projects. Companies are setting up domestic manufacturing facilities, boosting domestic module capacity. The industry is eagerly awaiting further guidance on impactful parts of the law, anticipating new market potential

Source:

https://www.pv-magazine.com/2023/06/09/us-solar-market-expected-to-triple-in-size-by-2028/

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