The U.S. Energy Information Administration (EIA) says about 45 gigawatts of solar projects larger than 1 megawatt (AC) will be installed in 2024, while Wood Mackenzie estimates 8 GW of small solar projects. The agency said it expects that to increase to about 53 GW by 2025.

EIA also said it expects utility-scale solar to account for 6 percent of total electricity generation in 2024 and 7 percent in 2025. This is in the context of a projected increase of 3% in total electricity generation in 2024 and maintained in 2025. It will remain unchanged in 2025.

Small-scale solar power is expected to account for 2% of total power generation by 2024, increasing to 2.3% by 2025. This means that solar power will account for 8% of total electricity consumption in 2024 and 9.3% in 2025. By 2025, solar power will reach about 65 GW, and by 2026, solar power will account for nearly 11 percent of all electricity generation.