What is the landscape of solar manufacturing in the US?

The landscape of solar manufacturing in the U.S. is vibrant and evolving. With federal legislation such as the Inflation Reduction Act incentivizing domestic production and clean energy adoption, the market is poised for further growth.

How has the solar power industry changed over the past decade?

The solar power industry in the United States has undergone a transformative evolution over the past decade. With the global push towards sustainability and cleaner energy sources, the U.S. has emerged as a leading hub for solar technology innovation and manufacturing.

What is the commercial solar market?

The commercial solar market, which consists of on-site solar installations for businesses, non-profits and governments, has historically been dominated by a handful of markets: California, Massachusetts, New Jersey and New York.

How many solar companies are there?

Over 10,000 solar companies across U.S. states are responsible for this employment, with workers with a wide variety of backgrounds and job functions supporting the solar industry. In addition, the industry generated over $70 billion of private investment in the American economy in 2024.

How many people work in solar?

The Interstate Renewable Energy Council (IREC) has reported that 280,000 Americans work in solar, as of 2023. Over 10,000 solar companies across U.S. states are responsible for this employment, with workers with a wide variety of backgrounds and job functions supporting the solar industry.

Why are solar companies pursuing a new business model?

Still, increasing electricity bills and power outages have led to sustained interest in residential solar, and companies are expected to pursue new state markets and adapt their business models to offer solar leasing options, driving growth in later years.