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Expand chart

Additions of new U.S. solar generating capacity broke new records last year despite the COVID-19 pandemic slowing some types of projects, per new industry data.

Why it matters: It shows a surge in growth thanks to increasing cost competitiveness, but also how solar continues to benefit from supportive state and federal policies.

What's next: On the latter point, the analysis takes stock of last year's two-year extension of eligibility for federal tax incentives for building new projects.

  • That extension, part of last year's huge year-end spending and tax deal, boosted their projected 2021-2025 deployment by 17%.
  • However, as you can see above, deployment surges for years thereafter in the decade's second half, according to the report from the Solar Energy Industries Association and Wood Mackenzie.

By the numbers: 2020 saw the installation of 19.2 gigawatts of new U.S. capacity, representing 43% of all new power generating capacity additions, they said.

  • Looking forward, the report forecasts that 324 gigawatts will be added over the course of this decade.
  • "This growth will be spread across all market segments as distributed solar customers, utilities, states, and corporations push to decarbonize the grid," it states.

Go deeper

Merrick Garland: Domestic terror is "still with us"

Photo: Kevin Dietsch/UPI/Bloomberg via Getty Images

In his first major speech, Attorney General Merrick Garland warned the nation Monday to remain vigilant against the rising threat of domestic extremism.

Why it matters: Domestic terrorism poses an "elevated threat" to the nation this year, according to U.S. intelligence. Garland has already pledged to crack down on violence linked to white supremacists and right-wing militia groups.

Updated 2 hours ago - Politics & Policy

"Believe your eyes": Prosecutors make closing arguments in Chauvin trial

Steve Schleicher, an attorney for the prosecution in Derek Chauvin's trial, began closing arguments on Monday by describing in detail George Floyd's last moments — crying out for help and surrounded by strangers, as Chauvin pressed his knee into Floyd for nine minutes and 29 seconds.

Why it matters: The jury's verdict in Chauvin's murder trial, seen by advocates as one of the most crucial civil rights cases in decades, will reverberate across the country and have major implications in the fight for racial justice.