After several years of 30 percent annual growth in installations, 2024 saw a decline: fewer panels were installed in many markets, and companies' valuations declined. consumer demand for renewable energy continues to grow, with more solar panel capacity installed in 2024 than in 2023, which saw more than in 2022. I am a scholar who. . The US solar industry installed 11. 44 Bn in 2025 and is expected to reach USD 334. 13 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.
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