The solar companies in the United States of America have installed a total of 3.8 gigawatts (GW) of solar power capacity in the third quarter of the year 2020. This is according to the report released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
As stated in the SEIA’s U.S. Solar Market Insight Q4 2020, the solar industry is reportedly thriving and accounting for 43% of all new additional power-generating capacity through the 3rd quarter of 2020. A record of 19 gigawatts (GW) of new solar PV installations is being projected by the end of the year. This will represent a 43% year-over-year increase from 2019.
Which State Has Installed the Most Solar Panels?
According to the data presented by SEIA for the year 2020, here is the list of states as ranked in terms of MWdc (Megawatts-DC) of solar power capacity installed in the United States of America.
Texas has recorded a total of 2,401 MWdc of solar panel installation in 2020 (year-to-date), garnering the top #1 spot. Florida, in the 2nd highest-ranking, has installed 2,040 MWdc of solar power capacity this year. Meanwhile, the state of California installed 1,808 MWdc of solar while also falling to the 3rd spot, coming from being the top seed for the previous years – 2018 and 2019.
Among many other states, New Mexico has also been noteworthy by climbing up to 9th place this year. This is a huge jump in its solar power capacity rankings, considering it was only on the 22nd spot last year.
The solar market thrives ahead in 2020’s third quarter as residential solar installations recover and utility-scale pipeline grows.
What happened to the residential US solar market in 2020?
In terms of the business impacts of the COVID-19 pandemic, the residential solar market has been hit the hardest. However, it has beaten the expected recovery rate by growing 14% over the 2nd quarter.
The SEIA Q3 2020 report shows that most of the solar PV installations of Q3 were primarily driven by the utility-scale market as it represented 70% of the overall solar capacity. This reportedly amounts to 2.7 Gigawatts of new solar installs.