Solar & Storage Finance USA

Solar remains the fastest-growing renewable source in the United States fueled by favorable tax credits available through the $369 billion Inflation Reduction Act. Planned solar projects are forecasted to surge by 38%* in 2024 bringing total US PV capacity to 131 GW by the end of the year.

Following in step with U.S. PV capacity, U.S. battery storage capacity could double by the end of 2024. Planned and operational U.S. utility-scale BESS capacity combined totalled 16GW** at the close of 2023. Developers are expected to add 15 GW to this total by the end of this year.
Growth in U.S. battery storage will continue as asset owners seek to shield themselves from variable solar generation by capturing otherwise curtailed power and leveraging energy arbitrage.

So, what does this all mean? 2024 promises to be a growth year for the deployment, financing, and investment of both U.S. solar and storage.

Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

*U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2024

**U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2024