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U.S. solar industry predicts installations to quadruple

U.S. solar industry predicts installations will quadruple by 2030

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Solar installations in the United States are expected to quadruple by 2030 thanks to the extension of a key industry subsidy late last year and booming demand for carbon-free power, an industry body said on Tuesday.

The sector will install 324 gigawatt (GW) of capacity over the next decade, more than three times the nearly 100 GW installed by 2020, the U.S. Solar Energy Industries Association (SEIA) said, citing a report issued jointly with Wood Mackenzie.

The 324 GW of solar energy would produce enough electricity to power about 60 million homes, or around 40% of homes in the country today.

Read the full story on reuters.com.