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Solar Dominates U.S. Power Plant Additions in 2024

Solar installations have outpaced all other energy sources in new U.S. power generation capacity this year, driven by falling panel costs, federal tax credits, and corporate renewable energy commitments. Solar is now the cheapest option at scale. This shifts the conversation from whether renewables are economically viable to how utilities and grid operators manage intermittency and storage. Traditional baseload plants face pressure as a result.