Insurance Speak


The solar power business is on a longtime upswing.

Consider these significant benchmarks:

  • The U.S. saw a 55% increase in year-over-year solar capacity during the first two quarters of 2024, according to the U.S. Department of Energy.
  • In August 2024, the U.S. generated 36% more solar electricity a day than the same period in 2023, Solar Reviews reports.
  • In 2023, more than 360,000 U.S. employees worked on solar, which was a 5.3% increase from the previous year, the DOE reports.
Growth statistics are equally notable on a global scale.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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