Industrial and commercial solar container segment

How much solar capacity did the residential segment install in Q1 2025?

Utility-scale projects dominated installations in both states. In Q1 2025, the residential segment installed 1,106 MWdc of solar capacity, declining 13% year-over-year and 4% quarter-over-quarter. High interest rates and economic uncertainty continued to suppress demand.

How healthy is the community solar market?

Despite lengthening project development timelines, pipelines in key community solar state markets remain healthy, supporting the market’s health throughout our five-year outlook. Overall, we expect the national market to contract by 6% on average annually through 2030.

How will New York's solar market perform in 2025?

New volumes in New York also declined slightly, even as the state continues to represent 52% of the total market. We expect the national community solar market to contract 22% this year, following a particularly strong 2024 for the segment. However, installed capacity in 2025 will still exceed 2023 volumes, reaching approximately 1.5 GWdc.

How does the US solar industry affect project economics?

Notably, despite the US solar industry’s reliance on domestically produced steel, market forces triggered an immediate increase in the domestic steel index. This unexpected rise has increased the production costs of tracker manufacturers, potentially affecting project economics. Additionally, US module manufacturers face increased frame costs.

How did California's solar market perform in Q1 2024?

Commercial solar grew by 4%, installing 486 MWdc, making it the only solar segment to increase compared to Q1 2024. California’s NEM 2.0 installations continued to fuel the commercial segment, with the state adding more than 200 MWdc in Q1. Community solar installations, however, dropped significantly to 244 MWdc after a massive fourth quarter.

How much solar capacity did the US solar industry install in Q1 2025?

The US solar industry installed 10.8 gigawatts-direct current (GWdc) of capacity in the first quarter of 2025. Despite both a quarterly and annual decline in capacity, Q1 2025 was the industry’s fourth-best quarter. The utility-scale segment followed a similar trend, with 9 GWdc of capacity, which is lower than both Q1 2024 and Q4 2024.