U.S. solar capacity set to soar in 2024, forecast to power nearly 876,000 homes.

The American Clean Power Association forecasts a record 32 gigawatts of new utility-scale solar capacity in the U.S. in 2024, enough to power nearly 876,000 homes. Solar installations are expected to grow at a 6.6% annual rate from 2025 to 2030, with capital costs falling 14% by 2035. Utah, a top solar state, has invested $5.1 billion in solar power, capable of powering over 600,000 homes. Solar now leads new U.S. electrical capacity additions, surpassing nuclear and hydropower, and is projected to become the second-largest generating capacity by 2027.