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Solar Energy

9 Solar Statistics of 2023 Every Solar Company Should Know

  1. The number of people employed by the solar industry increased in 42 states in 2022. California added the most with 2,404 new solar jobs.
  2. Solar is the electric power generation technology that employs the most workers. There were 12,000 new jobs in solar in 2022 (+3.7% growth).
  3. Solar is set to account for 67% of the growth in renewable energy capacity in 2023.
  4. New solar additions are expected to break another record in 2023 with a nearly 200-gigawatt increase.
  5. The Inflation Reduction Act (IRA), passed in August 2022, further incentivizes solar installations. Experts say that the increase in solar installations between 2023 and 2027 will be 40% because of IRA (Inflation Reduction Act).
  6. The average cost of a residential solar system costs in the united states was $10,290–$20,580 in 2023.
  7. Solar energy also accounted for the forty-five percent of the capacity added to the U.S. electrical grid in the first half of 2023 was from solar.
  8. New renewable capacity additions are set to increase by 107 GW in 2023, the largest increase ever. There were a lot of issues including construction delays, supply chain bottlenecks and high prices but still it would be record breaking growth.
  9. After research it was found that Only 0.03% of the solar energy available in the U.S. is harnessed to generate electricity. The U.S. Department of Energy found that, of the solar energy technologies assessed, only 133 terawatt-hours of solar energy were produced in 2020 despite 386,646 terawatt-hours of potential solar energy being available.

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