WASHINGTON (Reuters) – The U.S. solar industry will generate about 4.7 gigawatts of capacity in 2018, or about one-third of all the new solar capacity installed nationwide, the National Solar Council said on Tuesday.
The U.N. agency estimates that the country will generate 4.9 gigawatts, or nearly three-quarters of all solar power generation by the end of the decade.
The forecast is based on a range of assumptions, including whether new solar projects can be built quickly and safely and whether there will be enough incentives for developers to build.
The council expects the number of installations to be about 1.1 gigawatts.
In 2018, the nation’s solar installers will have about 3,300 megawatts of installed capacity, according to NSC.
The solar industry has been booming in recent years as solar panels are cheaper than ever and panels are being deployed at a record pace.