The distributed energy generation market in the United States has been expanding rapidly and is expected to grow from USD 33.19 billion in 2022 to USD 67.95 billion by 2030, at a compound annual growth rate (CAGR) of 9.37%. Advances in distributed energy technologies, including solar panels, wind turbines, energy storage systems, and smart grids, have improved efficiency, affordability, and the adoption of renewable energy. Notably, declining costs of solar and wind technologies have made distributed energy more accessible to a wider range of consumers and businesses, further driving market expansion.
The country’s well-developed smart grid infrastructure has also played a crucial role in the rising adoption of distributed energy generation. Smart grids enable seamless integration of distributed energy resources (DERs) like solar, wind, and energy storage into the national power network. Advanced monitoring and communication technologies help manage these energy sources efficiently, optimizing renewable energy usage and ensuring stable grid operations.
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Growth in Hydroelectric Generation
The United States has experienced a notable increase in hydroelectric power generation capacity. According to a 2021 U.S. Department of Energy report, by the end of 2019, there were 217 hydropower projects in development, adding approximately 1,490 MW of capacity. Most of this expansion focused on equipping non-powered dams (NPDs) with hydropower capabilities and upgrading existing facilities, accounting for around 93% of the total capacity increase. This substantial rise in hydroelectric generation has significantly contributed to the overall growth of the distributed energy generation market.
Expansion of Solar Power Generation
Solar energy has been a key driver of distributed energy generation in the U.S. Its modular and scalable nature makes it a highly adaptable option, ranging from small residential installations to large-scale solar farms. The country’s vast land area and high solar potential—particularly in states like California, Arizona, Nevada, Texas, and Florida—have supported the widespread adoption of solar power.
According to the U.S. Solar Energy Industries Association, 20.2 gigawatts (GWdc) of solar photovoltaic (PV) capacity was installed in 2022, bringing the total installed capacity to 142.3 GWdc. The residential solar sector set a record with nearly 6 GWdc of new installations, marking a 40% increase from 2021.
Government Initiatives Supporting Solar Energy
The U.S. government has played a significant role in fostering the growth of solar energy through various policies and financial incentives. Businesses, nonprofit organizations, and local and tribal governments can benefit from two key tax credits for investing in solar energy systems:
- Production Tax Credit (PTC): A federal tax incentive that provides a credit per kilowatt-hour of electricity generated from renewable sources, including wind, biomass, geothermal, and hydropower.
- Investment Tax Credit (ITC): Allows a percentage of the solar system’s installation cost to be deducted from federal income tax liability in the year it is installed.
By offering stable financial incentives, these programs have encouraged investment in distributed energy projects, making solar and other renewable technologies more economically viable and competitive with traditional energy sources.
Impact of COVID-19
The COVID-19 pandemic posed both challenges and opportunities for the distributed energy generation market. Lockdowns, social distancing measures, and travel restrictions disrupted construction, installation, and maintenance activities. These delays slowed the progress of several distributed energy projects.
However, the pandemic also underscored the importance of renewable energy in economic recovery efforts. Governments and businesses recognized that distributed energy generation could create jobs, reduce carbon emissions, and enhance energy security. As a result, stimulus packages and recovery plans have included provisions to accelerate the deployment of distributed energy technologies, reinforcing the market’s long-term growth trajectory.
Report Scope
Markets and Data’s report, “United States Distributed Energy Generation Market Assessment, Opportunities, and Forecast, 2016-2030F,” provides an in-depth analysis of the current state of the U.S. distributed energy generation market. Covering trends from 2023 to 2030, the study explores industry dynamics, emerging opportunities, and future projections. Additionally, the report examines key market players, focusing on their business strategies, competitive positioning, and market share.
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The worldwide Distributed Energy Generation (DEG) market displays current conditions and forecasts for the future (2021-2027).
