US Energy Minister Chris Wright discusses President Donald Trump's mutual tariff strategy on “Warren and the Company”.
Solar Energy Continues to grow by doing more installations. A new report from the Society of Solar Energy Industries (SEIA) says the US solar energy industry has installed 50 GW with direct current capacity in 2024, which is 21 % increased compared to 2023.
According to the report, 66 % of the new solar electricity production capacity came.
Texas, the top oil and gas production, led the country to install solar capacity for the second consecutive year, and California and Florida were among the top three teams.
A tour group on March 1, 2023 is looking for the ENGIE Sun Valley solar project in Hill County, Texas. (Photo by Mark Felix /AFP /AFP through Getty Images /Getty Images)
SEIA expects the continuous growth in the solar energy industry, now that the impact of the COVID supply chain has disappeared, and the money provided for alternative energy is distributed in the inflation reduction law. According to the association, “solar production technology has remained throughout the United States, as shown from the high level of demand in 2024. While 2023 was a year -long recovery, 2024 was the year of IRA. Solar facilities more than 2022, than 2022, are more in favor of resistance.
SEIA also said that residential solar facilities have begun recovery. Based on “significant turmoil” in 2023 due to “large numbers of capitalist installations and bankruptcy”, residential solar installations increased by 9 % in 2024.
One of the President's Seia Cites concern Donald Trump Initial executive orders. “In the early weeks of the new government, President Trump issued a set of executive instructions affecting industries such as the energy sector,” the report said.
Tink Tank says fossil fuels produce less than half of US electricity for the first month.
These executive orders included an Energy Emergency Declaration, Federal Land Ice, Federal Budget Falling and New Tariffs.
However, SEIA is optimistic about solar energy. “Solar and storage can be made faster and more priced from any other technology and ensure that the United States has the power to compete in the global economy and meet electricity demand,” said Abigil Ross Hopper.
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“The US solar and storage industry creates historical production and production records in 2024 and creates jobs and economic growth,” he said.