How big is the North America solar PV market?

The North America solar PV market size crossed USD 29.3 billion in 2023 and is projected to observe around 6.2% CAGR between 2024 and 2032, due to higher usage to power various electrical devices or fed into the grid for broader distribution.

Is energy storage a viable option for utility-scale solar energy systems?

Energy storage has become an increasingly common component of utility-scale solar energy systems in the United States. Much of NREL's analysis for this market segment focuses on the grid impacts of solar-plus-storage systems, though costs and benefits are also frequently considered.

How much grid-tied PV capacity has been installed in the US?

By the end of 2008, 792 MW of grid-tied PV capacity had been installed in the US. This represents an 81% increase in new installations in 2008 over 2007 and a 53% increase in 2007 over 2006.

What is the growth rate of ground mounted solar PV?

Based on mounting, the ground mounted solar PV segment is estimated to grow at over 5.5% CAGR through 2032, owing to shifting consumer inclination toward cost effective clean electricity generation combined with increasing research and development efforts to drop the costs for PV systems.