US solar installations to benefit from Inflation Reduction Act in 2024, report says
The report said that an additional five gigawatts (GW) over last year's capacity could be installed in 2024. Growth-rate expectations for the commercial, community and utility-scale segments are 19 per cent, 15 per cent and 26 per cent for the year, respectively.
The solar sector added 32.4 GW in 2023, 51 per cent higher than in 2022, primarily due to increasing supply chain stability as a backlog of projects were completed. (Image credit: Reuters)