The U.S. installed 3.8 gigawatts (GW) of solar PV capacity in Q3 2020 to reach 88.9 GW of total installed capacity, enough to power 16.4 million American homes. Residential installations were up 14% from Q2 to Q3 2020 after shelter-in-place orders during the spring caused the largest quarterly decline in history in the second quarter. A total of 9.5 GWdc of new utility PV power purchase agreements were announced in Q3, bringing the contracted utility-scale solar pipeline to a record total of 69 GW. Wood Mackenzie forecasts 43% annual growth in 2020, with more than 19 GWdc of installations expected. In total, the U.S. solar market will install more than 107 GWdc of solar over the next five years.
Updated December 15, 2020