{"id":623226,"date":"2026-11-10T17:24:39","date_gmt":"2026-11-10T17:24:39","guid":{"rendered":"https:\/\/www.olympiajournal.com\/news\/story\/623226\/us-solar-energy-market-cagr-to-rise-upto-1096-by-2031-driven-by-solarplusstorage-projects-and-residential-installations-says-mordor-intelligence.html"},"modified":"2026-11-10T17:24:39","modified_gmt":"2026-11-10T17:24:39","slug":"us-solar-energy-market-cagr-to-rise-upto-1096-by-2031-driven-by-solarplusstorage-projects-and-residential-installations-says-mordor-intelligence","status":"publish","type":"post","link":"https:\/\/www.olympiajournal.com\/news\/story\/623226\/us-solar-energy-market-cagr-to-rise-upto-1096-by-2031-driven-by-solarplusstorage-projects-and-residential-installations-says-mordor-intelligence.html","title":{"rendered":"US Solar Energy Market CAGR to rise upto 10.96% by 2031, Driven by Solar-Plus-Storage Projects and Residential Installations, Says Mordor Intelligence"},"content":{"rendered":"<div style=\"float:right;width:250px;padding:8px 10px 10px 10px\">\n<div><a rel=\"nofollow noopener\" href=\"https:\/\/www.abnewswire.com\/upload\/2026\/11\/1794312217.jpg\" style=\"border:none !important\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"US Solar Energy Market CAGR to rise upto 10.96% by 2031, Driven by Solar-Plus-Storage Projects and Residential Installations, Says Mordor Intelligence\" src=\"https:\/\/www.abnewswire.com\/upload\/2026\/11\/1794312217.jpg\" alt=\"US Solar Energy Market CAGR to rise upto 10.96% by 2031, Driven by Solar-Plus-Storage Projects and Residential Installations, Says Mordor Intelligence\" width=\"225\" height=\"122\" style=\"padding:0px 0px 10px 10px;border:0 solid !important\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div>US Solar Energy Industry<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic;padding:8px 0px\">The latest research by Mordor Intelligence covers the \u201cUS Solar Energy Market\u201d delivering insights into market dynamics, drivers of growth, and long-term forecasts.<\/div>\n<p style=\"text-align: justify\"><strong><strong>Hyderabad, India &#8211; November 10, 2026<\/strong><\/strong>: The <a rel=\"nofollow\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/united-states-solar-energy-market?utm_source=abnews\"><strong>US solar energy market<\/strong><\/a> is projected to increase from <strong>269.54 GW<\/strong> in <strong>2026<\/strong> to <strong>453.37<\/strong> <strong>GW<\/strong> by <strong>2031<\/strong>, registering a <strong>CAGR<\/strong> of <strong>10.96%<\/strong> during the forecast period (2026&ndash;2031). The growth is supported by federal tax incentives, corporate renewable energy procurement, domestic solar manufacturing, and increasing adoption of solar-plus-storage systems.<\/p>\n<p style=\"text-align: justify\">The Inflation Reduction Act (IRA) continues to influence solar project economics through investment and production tax credits, encouraging developers to expand utility-scale installations and domestic manufacturing capacity. At the same time, companies are entering long-term renewable electricity agreements to manage energy costs and meet sustainability commitments.<\/p>\n<p style=\"text-align: justify\"><strong>US Solar Energy Market Upcoming Trends<\/strong><\/p>\n<p style=\"text-align: justify\"><strong>Federal Tax Incentives Supporting Solar Investments:<\/strong> Investment and production tax credits under the Inflation Reduction Act are improving project economics and encouraging utility-scale solar development across several states. Domestic-content incentives are also supporting investments in local module manufacturing.<\/p>\n<p style=\"text-align: justify\"><strong>Solar Plus Storage Projects Gaining Adoption:<\/strong> Developers are increasingly combining solar installations with battery storage to supply electricity during evening peak-demand periods. These integrated projects are attracting interest from utilities and commercial electricity buyers.<\/p>\n<p style=\"text-align: justify\"><strong>Residential solar installations expanding<\/strong>: Battery-supported rooftop systems are gaining attention among homeowners seeking electricity cost management and backup power during grid interruptions. Residential installations are forecast to grow at an 18.3% CAGR through 2031.<\/p>\n<p style=\"text-align: justify\"><strong>US Solar Energy Market Segmentation<\/strong><\/p>\n<p style=\"text-align: justify\"><strong>By Technology:<\/strong> Solar Photovoltaic (PV) and Concentrated Solar Power (CSP).<\/p>\n<p style=\"text-align: justify\"><strong>By Grid Type:<\/strong> On-Grid and Off-Grid.<\/p>\n<p style=\"text-align: justify\"><strong>By End-User:<\/strong> Utility-Scale, Commercial and Industrial (C&amp;I), and Residential.<\/p>\n<ul style=\"text-align: justify\">\n<li>Solar photovoltaics accounted for 99.35% of the US solar energy market share in 2025, maintaining its position as the leading technology.<\/li>\n<li>On-grid installations represented 97.6% of installed capacity during the same year, supported by their connection to established electricity networks.<\/li>\n<li>By end-user, utility-scale projects held 73% of installed capacity in 2025, while residential installations recorded the fastest growth outlook, with an expected CAGR of 18.3% through 2031.<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>Get Tailored Insights for Japan and Other Key Regions: <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/united-states-solar-energy-market?utm_source=abnews\"><strong>https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/united-states-solar-energy-market?utm_source=abnews<\/strong><\/a><\/p>\n<p style=\"text-align: justify\"><strong>United States Remains the Central Market for Solar Energy Development<\/strong><\/p>\n<p style=\"text-align: justify\">The United States is the primary market covered by this analysis, with solar development expanding across several states. Texas led new utility-scale installations in 2025, adding more than 15 GW of capacity, supported by its electricity market structure and growing interest in solar-plus-storage projects. California continues to have the largest installed solar base, exceeding 50 GW, although transmission congestion presents challenges for additional deployment.<\/p>\n<p style=\"text-align: justify\"><a rel=\"nofollow\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/united-states-solar-energy-market\/companies?utm_source=globenewswire\"><strong>US Solar Energy Companies<\/strong><\/a><\/p>\n<ul style=\"text-align: justify\">\n<li>First Solar Inc.<\/li>\n<li>NextEra Energy Inc.<\/li>\n<li>Hanwha Q CELLS USA<\/li>\n<li>Canadian Solar Inc.<\/li>\n<li>Tesla Energy<\/li>\n<li>JinkoSolar Holding Co. Ltd.<\/li>\n<li>Sunrun Inc.<\/li>\n<li>Enphase Energy Inc.<\/li>\n<li>Trina Solar Ltd.<\/li>\n<li>Nextracker Inc.<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>Regional Market Share Analysis<\/strong><\/p>\n<p style=\"text-align: justify\"><strong>Established Solar Markets and Utility-Scale Installations<\/strong><\/p>\n<p style=\"text-align: justify\">Regionally, the US solar energy market is led by states with established solar installations and growing utility-scale project development. California holds the largest installed solar capacity, exceeding 50 GW, supported by its established solar infrastructure and renewable energy targets. Texas led new installations in 2025, adding more than 15 GW of utility-scale capacity, driven by favourable project economics and increasing solar-plus-storage development.<\/p>\n<p style=\"text-align: justify\"><strong>About Mordor Intelligence<\/strong><\/p>\n<p style=\"text-align: justify\">Mordor Intelligence is a global market intelligence firm, founded in 2014, helping businesses make informed decisions through data-driven insights, industry expertise, and advanced analytics. With 550+ domain experts and on-ground specialists across <strong>180<\/strong>+ countries, the company delivers comprehensive intelligence across aerospace &amp; defense, agriculture, automation, automotive, chemicals &amp; materials, consumer goods &amp; services, electronics, energy &amp; power, financial services, food &amp; beverages, healthcare, hospitality &amp; tourism, information &amp; communications technology, and logistics.<\/p>\n<p style=\"text-align: justify\">Its offerings include syndicated industry reports, custom research and advisory, and subscription platforms such as Synapse, Data Center Intelligence, and Robotics Intelligence. Mordor Intelligence is ISO 9001:2015 and ISO\/IEC 27001:2022 certified, a member of ESOMAR and the Market Research Society of India, and a four-time Great Place to Work&reg; honoree.<\/p>\n<p style=\"text-align: justify\"><strong>For any inquiries, please contact:\u202f\u202f\u202f\u202f <\/strong><\/p>\n<p style=\"text-align: justify\">media@mordorintelligence.com<\/p>\n<p style=\"text-align: justify\">https:\/\/www.mordorintelligence.com\/contact-us<\/p>\n<p class=\"caps\"><span style='font-size:18px !important'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a rel=\"nofollow\" href=\"https:\/\/www.abnewswire.com\/companyname\/mordorintelligence.com_78198.html\">Mordor Intelligence Private Limited<\/a><br \/><strong>Contact Person:<\/strong> Jignesh Thakkar<br \/><strong>Email:<\/strong> <a rel=\"nofollow\" href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=us-solar-energy-market-cagr-to-rise-upto-1096-by-2031-driven-by-solarplusstorage-projects-and-residential-installations-says-mordor-intelligence\">Send Email<\/a><br \/><strong>Phone:<\/strong> +1 617-765-2493<br \/><strong>Address:<\/strong>11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli  <br \/><strong>City:<\/strong> Hyderabad<br \/><strong>State:<\/strong> Telangana 500008<br \/><strong>Country:<\/strong> India<br \/><strong>Website:<\/strong> <a rel=\"nofollow noopener\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/united-states-solar-energy-market\" target=\"_blank\">https:\/\/www.mordorintelligence.com\/industry-reports\/united-states-solar-energy-market<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=us-solar-energy-market-cagr-to-rise-upto-1096-by-2031-driven-by-solarplusstorage-projects-and-residential-installations-says-mordor-intelligence\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Solar Energy Industry The latest research by Mordor Intelligence covers the \u201cUS Solar Energy Market\u201d delivering insights into market dynamics, drivers of growth, and long-term forecasts. Hyderabad, India &#8211;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/posts\/623226"}],"collection":[{"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/comments?post=623226"}],"version-history":[{"count":0,"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/posts\/623226\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/media?parent=623226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/categories?post=623226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.olympiajournal.com\/news\/wp-json\/wp\/v2\/tags?post=623226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}