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Dive Brief:
- The U.S. residential solar sector’s 1.8 GW of installations in the third quarter have set “yet another quarterly record” and mark a 12% increase from the same quarter last year, according to the latest U.S. Solar Market Insight report released Thursday by the Solar Energy Industries Association and Wood Mackenzie.
- Developers installed just over 4 GW of utility-scale solar — a 58% increase compared to Q3 2022, “when supply chain constraints were severely suppressing installations, and flat compared to last quarter,” said the report.
- Meanwhile, commercial solar installations have slowed 3% compared to the same quarter last year and 6% compared to the previous quarter. “Slight slowdowns” in Northeast states have been “partially offset” largely by growth in California, but California’s solar growth is expected to slow in 2024, said SEIA and Wood Mackenzie.