The latest U.S. Solar Market Insight report makes it clear that the solar industry will see historic growth over the next decade. In fact, the report’s forecasts show the U.S. solar market will grow 4x by 2030 and reach over 419 gigawatts (GW) of capacity. And yet despite these encouraging trends, if we are going to meaningfully boost the economy and tackle the climate crisis, we will need strong policies.
In a ground-breaking year for the U.S. solar industry, solar led all technologies in new electric-generating capacity added, installing a record 19.2 gigawatts (GWdc) in 2020 according to the U.S. Solar Market Insight 2020 Year-in-Review report released this week. SEIA and Wood Mackenzie’s report included a 10-year forecast for the first time ever, showing that the U.S. solar industry is on track to quadruple in size over the next decade.
SEIA has an ambitious but achievable goal – solar energy will constitute 20% of all U.S. electricity generation by 2030. To reach this target, we must grow our industry by 18% annually and install more than 500 gigawatts (“GW”) of solar projects by the end of 2030, building upon the nearly 100 GW of solar energy capacity that exists today. Achieving the 20% by 2030 goal will result in hundreds of thousands of new jobs, more than 14 million solar rooftops, and 500 million metric tons of avoided CO2 emissions.
President Biden’s climate plan calls for ambitious carbon emissions reductions with an emphasis on environmental justice and well-paying jobs. The solar industry strongly and unequivocally supports all of these endeavors.
WASHINGTON, D.C. — Today the Solar Energy Industries Association (SEIA) and Vote Solar are calling on the California Public Utilities Commission (CPUC) to adopt a compensation framework for future residential solar customers that promotes equity and incentivizes sustainable market growth: net billing.
WASHINGTON, D.C.— Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the U.S. Senate’s confirmation of Jennifer Granholm as President Biden’s Energy Secretary:
The federal government, and FERC in particular, has an exciting opportunity in 2021 and beyond to spur innovation and deployment of solar energy technologies that will increase resilience and decrease the costs and emissions of the American energy system. With the leadership of President Biden, who shares the industry’s goal to aggressively deploy solar energy across the country, FERC can be a key catalyst for the clean energy growth needed to address climate change, stimulate the U.S. economy, and support frontline communities who are most vulnerable to environmental degradation.
WASHINGTON, D.C. - Following is a comment by Sean Gallagher, vice president of state affairs for the Solar Energy Industries Association, on the study by Vibrant Clean Energy called Local Solar For All Costs Less: A New Roadmap for the Lowest Cost Grid:
The 2020 election will have tremendous consequences for the future of energy and climate policy in the United States. To meet this moment and provide guidance for the incoming Biden administration and new members of Congress, SEIA has prepared a 100-day legislative and executive agenda.