# New Report Expects U.S. to Add 162 GW of Installed Solar Capacity Through 2027 - Link: https://greenlivingguy.com/2022/09/inflation-reduction-expects-u-s-to-add-162-gw-of-installed-solar-capacity-through-2027/ - Published: 2022-09-09T12:19:00-04:00 - Author: greenlivingguy ![solar panels. Inflation Reduction Act](https://i0.wp.com/greenlivingguy.com/wp- content/uploads/2022/09/jeremy-bezanger-k8HniqcdYS4-unsplash.jpg?resize=420%2C280& quality=52&ssl=1) Unprecedented investments in clean energy and climate change in the [Inflation Reduction Act](https://www.renewableenergyworld.com/solar/inflation-reduction-act-clean-energy-industry-cheers-monumental-passage-by-senate/) have greatly improved the outlook for the solar industry’s [growth](https://greenlivingguy.com/2017/05/solar-farm-jv-on-1-8gw-between-vivo-power-and-iss-worth-billions/) in the U.S. Especially following a first half to the year dampened by tariff risks. Also, supply chain constraints as according to a new market report. The [Solar](https://greenlivingguy.com/2016/11/top-6-solar-business-opportunities/) Energy Industries Association and Wood Mackenzie published a report that increases their [baseline](https://greenlivingguy.com/2018/02/solarwindow-announces-raynergy-tek-collaboration-pursuing-high-volume-production-of-electricity-generating-windows/) [forecast](https://greenlivingguy.com/2018/05/leonardo-dicaprio-foundation-supports-community-nonprofit-solar-projects-with-re-volv/) for solar growth over the next five years by 40% in response to the historic law. Moreover, the groups expect the U.S. to add 162 GW of new capacity through 2027. That’s a 62 GW [boost](https://greenlivingguy.com/2018/01/solar-panels-powering-qwest-field-event-center/) from a previous estimate. If the projections hold up, installed [solar](https://greenlivingguy.com/2018/05/solar-ceo-tackles-10-tough-objections-to-renewable-energy/) capacity in the U.S. could reach 336 GW at that point. “This report provides an early look at how the [Inflation Reduction Act](https://greenlivingguy.com/2022/11/inflation-reduction-act-epa-is-looking-for-input-on-multiple-programs/) is going to transform America’s energy economy. And the forecasts show a [wave](https://greenlivingguy.com/2016/08/ny-green-bank-announces-37-million-solar-deal/) of clean energy and [manufacturing](https://greenlivingguy.com/2016/02/heliatek-sets-new-organic-photovoltaic-world-record-efficiency-of-13-2/) investments. Moreover, that will uplift [communities](https://greenlivingguy.com/2011/11/small-businesses-see-big-savings-with-solar/) nationwide,” SEIA CEO Abigail Ross Hopper said. ## The Inflation Reduction Act Plays A Big Role in Solar The Inflation Reduction Act provided certainty to [solar](https://greenlivingguy.com/2018/04/report-addresses-barriers-to-low-income-solar-ownership-in-vermont/) developers with a 10-year extension of the critical Investment Tax Credit. The law also established incentives for domestic production throughout the [solar](https://greenlivingguy.com/2018/04/san-antonio-ranked-6th-in-nation-for-solar-energy/) value chain. It includes polysilicon, [cells](https://greenlivingguy.com/2017/12/u-s-solar-market-adds-2-4-gw-in-q2-largest-second-quarter-ever/), modules, inverters, trackers, among other things. A flurry of announcements has followed the signing of the Inflation Reduction Act into law. [First Solar](https://www.renewableenergyworld.com/solar/first-solar-to-invest-1b-in-new-u-s-module-factory/) and [Q Cells](https://www.renewableenergyworld.com/solar/korean-solar-panel-giant-plans-fully-american-supply-chain/#gref) have announced billion-dollar plans to invest in [solar](https://greenlivingguy.com/2016/02/solar-energy-is-the-future-and-the-time-has-come/) module manufacturing in the U.S. REC Silicon, which was already restarting [polysilicon](https://greenlivingguy.com/2018/04/how-brands-use-renewable-energy-2018/) production its Moses Lake, Washington facility, [committed to negotiating](https://www.renewableenergyworld.com/solar/inflation-reduction-act-sparks-solar-supply-chain-advancements/#gref) a raw material supply agreement with Mississippi Silicon. [Read the full article here](https://www.renewableenergyworld.com/solar/after-a-choppy-first-half-the-outlook-for-solar-turns-bright/) #### Conclusion You can get the best [solar panels in the market](https://greenlivingguy.com/2015/03/nyserda-broadens-solar-hot-water-program-to-spur-industry-growth-leading-to-self-sustaining-market/). They can be used to generate [energy as well as save](https://greenlivingguy.com/2014/01/accell-greengenius-smart-surge-protector-saves-energy/) money. You can now attach [solar panels to the roof](https://greenlivingguy.com/2015/03/solar-panels-on-roof-by-the-time-you-read-this/) of your house or any other place you want. However, there are different types of solar panels in the market and choosing the right one is essential. The type of solar panel you are interested in is dependent on your location, need and budget. ![author avatar](https://secure.gravatar.com/avatar/df91669667126e1290c21ee0342c386e2da19d588d4d9ca6560bd82ed59a9641? s=300&d=monsterid&r=g) greenlivingguy The Green Living Guy, Seth Leitman is an independent power producer, a green living expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and an Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow. [See Full Bio](https://greenlivingguy.com/author/greenlivingguy/) [ ](https://greenlivingguy.com/author/greenlivingguy/)