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U.S. Solar Installations to Plunge 46% by 2030

8/6/2025

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Summary

Story summary

Wood Mackenzie warns of a staggering 46% drop in U.S. residential solar installations by 2030, following the Investment Tax Credit's expiration in 2025. Despite immediate hurdles for many firms, a brighter future looms post-2028, with the potential for 150 GW of new capacity by 2050, fueled by increasing retail rates and innovative technologies.

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Story summary

Wood Mackenzie warns of a staggering 46% drop in U.S. residential solar installations by 2030, following the Investment Tax Credit's expiration in 2025. Despite immediate hurdles for many firms, a brighter future looms post-2028, with the potential for 150 GW of new capacity by 2050, fueled by increasing retail rates and innovative technologies.