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The U.S. solar industry posted record growth in 2020 despite Covid-19, new report finds

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Peter Cade | Stone | Getty Images

U.S. solar installations reached a record high during 2020 as favorable economics, supportive policies and strong demand in the second half of the year offset the impacts from the coronavirus pandemic.

Installations grew 43% year over year during 2020, reaching a record 19.2 gigawatts of new capacity, according to a report released Tuesday from the Solar Energy Industries Association and Wood Mackenize.

During the fourth quarter alone, the U.S. added slightly more than 8 gigawatts of capacity — a new quarterly record. To put the number in context, during all of 2015, 7.5 gigawatts were added. One gigawatt is enough to power roughly 190,000 homes. The U.S….



Source cnbc.com

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