The US solar industry has registered its best third quarter ever with 6.5GW of PV installed in Q3 2023, but residential started to show a slowdown in certain states.
According to research from the Solar Energy Industries Association (SEIA) and Wood Mackenzie, some of the biggest residential markets – such as Texas, Arizona and Florida – have experienced quarterly and annual declines in installed capacity in Q3 2023, despite a record number of installs with 210,000 systems.
Despite slowdowns in these major states, residential solar installed 1.8GW in Q3 2023, a 12% increase year-over-year and setting another quarterly record. During the first three quarters of the year, the segment is up 24% from the same period last year. In total, 34 states and Puerto Rico have had an annual growth during that period.
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Source: PV Tech
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