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The value of the United States' solar energy market increased from some **** billion U.S. dollars in 2020 to more than ** billion U.S. dollars in 2024. Since 2022, the value of the U.S. solar market has more than doubled.

U.S. solar electricity generation 

In the last few years, solar power generation in the United States has seen remarkable growth, reaching a record high of terawatt-hours in 2024. This represented an increase of roughly ** percent from the previous year, when solar power production amounted to terawatt-hours. Overall, solar energy accounted for a share of ***percent of U.S. electricity generation in 2024, a figure that has been increasing rapidly in the last few years. 

Solar energy: main driver of power sector growth in the U.S. 

Since 2021, solar energy has remained the largest contributor to new power capacity additions in the United States. In 2024, solar accounted for roughly ** percent of newly installed capacity, followed by storage and wind power. The growth of solar installations in the last few years has significantly contributed to job creation in the sector, with installation and construction-related employment accounting for ** percent of all solar jobs in the U.S. in 2023.