Led by tech and retail giants, American companies are installing record-levels of solar to power their operations and now account for 14 percent of all installed solar capacity in the United States, according to the Solar Means Business 2022 report released today (29th November) by the Solar Energy Industries Association (SEIA).
The report, which tracks and analyses commercial solar adoption, named Meta, Amazon, Apple, Walmart and Microsoft as the top five corporate solar users in America.
Through June 2022, US businesses have installed nearly 19 gigawatts (GW) of on-site and off-site solar capacity, which is double the 9.4 GW installed through 2019. This recent growth is due to the rapid expansion of off-site corporate solar procurement which now represents 55 percent of all commercial solar use.
Total commercial solar installations are expected to double again over the next 3 years with nearly 27 GW of off-site corporate solar projects scheduled to come online by 2025. This represents nearly a third of the total contracted solar pipeline.