Currently Reading

Record Number of Solar Panels Installed in 2020


Record Number of Solar Panels Installed in 2020

March 16, 2021
Field of solar panels
Photo: Eaknarin

The U.S. solar industry didn't just endure the pandemic, it thrived. Solar installations increased 43% year over year in 2020, resulting in a record high 19.2 gigawatts of new capacity, CNBC reports. One gigawatt can power about 190,000 homes and, for perspective, only 1 gigawatt was added for the entire year of 2015. The greatest increase of 2020 came during the fourth quarter, when installations added 8 gigawatts of capacity, marking a quarterly record. These solar panels are popping up more in California, Texas, and Florida than other states.

Following a slowdown in the second quarter as the pandemic ground operations to a halt, residential solar saw a record-setting sales pipeline in the second half of the year, boosted by customers interested in home improvements. The report’s authors believe this momentum in the back half of the year likely continued into 2021.

On the utility solar front, annual capacity additions jumped 65% from the prior year.

“The recent two-year extension of the investment tax credit (ITC) will drive greater solar adoption through 2025,” said Michelle Davis, senior analyst from Wood Mackenzie, referring to the tax credits extended in December as part of the coronavirus relief and government spending package.

Read More


Related Stories


The Winning Homes in the Solar Decathlon Are …

See the winners of this year’s contest to build energy-efficient homes for extreme climates

Energy Efficiency

Energy Innovation: Solar Energy Solutions Continue to Gain Momentum

From community solar installations to a push in some municipalities for all-electric building codes, interest in solar keeps growing

Energy Efficiency

$600 Million LEED-Certified Ski Resort Coming Soon to Colorado

A LEED-certified ski resort is coming to Snowmass, Colo., and it will house a 53-unit condo building that runs entirely on renewable electricity.…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.