# Global Solar Installations Could Reach 700 GW in 2025: What It Means for Homeowners
The solar industry is growing at an incredible pace. According to a recent report from BloombergNEF, global solar installations could add a record-breaking 698 gigawatts (GW) of new capacity in 2025. This continues a strong upward trend, with 599 GW expected in 2024, compared to just 252 GW in 2022. The forecast also predicts installations could reach 753 GW in 2026 and 780 GW in 2027.
China is expected to remain the top solar market, followed by the United States, India, and several European and South American nations. While this massive growth is good news for clean energy, challenges remain, particularly in mature markets where grid constraints and decreasing homeowner interest in rooftop systems could slow adoption.
### What Does This Mean for Homeowners Considering Solar?
With solar companies installing more solar capacity than ever before, homeowners who invest in solar panels for their home now can take advantage of falling equipment costs and improved technology. A growing solar market typically leads to more competition, which can drive down prices and offer better financing options for residential solar systems.
However, as
Original Article: https://pv-magazine-usa.com/2025/03/13/bloombergnef-expects-up-to-700-gw-of-new-solar-in-2025/
