The United States Agrivoltaics Market is rapidly evolving as dual-use solar installations gain traction across major agricultural states. 2024 saw notable deployments in California's vineyards and Midwest corn belts, fueled by new federal incentives aligning with both renewable energy and sustainable farming goals. United States Agrivoltaics Market analysis delivers expert-level market insights on industry size, revenue drivers, and competitive dynamics.



Market Size and Overview


The United States Agrivoltaics Market is estimated to be valued at USD 361.8 Mn in 2025 and is expected to reach USD 789.9 Mn by 2032, growing at a compound annual growth rate (CAGR) of 11.8% from 2025 to 2032.

Rapid deployment of dual-use solar installations across major crop-growing regions is driving market size expansion, bolstered by 2024 Inflation Reduction Act incentives and state-level grants. Recent United States Agrivoltaics Market report data indicates improved crop yields by up to 8% under panel shading, underscoring market drivers rooted in enhanced resource efficiency and accelerated business growth.



Current Event & Its Impact on Market



  1. IRA Incentive Updates and Demonstration Grants

    A. Extension of 30% Investment Tax Credit under the Inflation Reduction Act (macro-level) – Potential impact on Market: accelerates project economics and enhances market opportunities for agrivoltaic installations.

    B. $20 Mn DOE agro-solar demonstration grant awarded May 2025 (regional-level) – Potential impact on Market: fosters pilot programs in the Midwest, driving market dynamics and local capacity expansion.

    A. California net energy metering revision by CPUC in Q4 2024 (nano-level) – Potential impact on Market: improves revenue models for agrivoltaic operators, boosting system rollouts in viticulture and specialty crops.



    II. Supply Chain Disruptions and Technological Advances

    A. China's export controls on polysilicon in June 2024 (macro-level) – Potential impact on Market: tightens module supply, increasing component costs and creating market restraints.

    B. U.S. port congestion and logistics bottlenecks at Los Angeles in late 2024 (regional-level) – Potential impact on Market: delays project timelines and affects market forecast accuracy.

    A. Introduction of bifacial PV module innovations by U.S. startups in 2025 (nano-level) – Potential impact on Market: enhances overall system efficiency and stimulates market growth strategies.



    Impact of Geopolitical Situation on Supply Chain


Geopolitical tensions between the U.S. and China have significantly disrupted polysilicon supply chains critical for agrivoltaics. In June 2024, the U.S. Department of Commerce reaffirmed Section 201 tariffs of up to 50% on Chinese polysilicon imports. This real use case led to a 20% spike in module prices during Q3 2024, delaying several Midwestern projects by 4–6 months. Local module manufacturing ramped up, but limited capacity extended delivery lead times. As a result, stakeholders are diversifying suppliers and investing in domestic polysilicon production to mitigate future geopolitical supply chain risks.



SWOT Analysis


Strengths

• Alignment with 2024 IRA incentives driving federal grant capture and market growth.

• Dual revenue streams: energy sales plus an average 8% crop yield boost under panels (2024 field trials).

• Favorable business growth outlook as states seek sustainable agriculture solutions.

• Robust market dynamics in corn, soybean and specialty crop segments.



Weaknesses

• High initial capex, with average agrivoltaic system cost at USD 1,500/kW in 2025.

• Technical complexity balancing optimal panel tilt with irrigation strategies.

• Fragmented policy landscape across states adds regulatory hurdles.

• Limited industry-standard module designs for dual-use applications.



Opportunities

• Expansion into high-value specialty crops; pilot studies show 12% revenue uplift in 2024 vineyards.

• Technological advances in bifacial modules boosting energy harvest by 10% in 2025.

• Integration with precision agriculture and IoT platforms to optimize farm-level energy use.

• Emerging demand in Southeastern U.S. for combined shade and solar solutions.



Threats

• Ongoing geopolitical tariffs driving component costs higher by 18% in 2024.

• Polysilicon and semiconductor shortages creating project delays.

• Competition from conventional ground-mounted solar with lower capex.

• Potential crop shading regulations imposing design constraints.



Key Players



  • Enel Green Power S.p.A.

    • Boralex

    • Sunrise Power Solutions

    • McIntosh Energy Japan Co., Ltd.

    • SolarEdge

    • NextEra Energy Resources

    • First Solar

    • Trina Solar

    • BayWa r.e.

    • Scatec

    • AppHarvest

    • Sunnova Energy

    • Heliene

    • AES Corporation

    • Canadian Solar

    • GridX



    • In 2025, Enel Green Power S.p.A. partnered with the University of Arizona on a 5 MW agrivoltaic pilot, achieving an 8% rise in vegetable yields and 15% higher solar output.

    • Boralex invested USD 25 Mn in a Texas dual-use solar project in late 2024, increasing local agrivoltaics capacity by 30% and enhancing market share in renewable-ag segments.

    • SolarEdge launched agrivoltaic-specific inverters in mid-2024, delivering 7% greater energy efficiency and strengthening its technology leadership.



    FAQs


  1. Who are the dominant players in the United States Agrivoltaics Market?

    Leading entities include Enel Green Power, Boralex, SolarEdge, NextEra Energy, First Solar, and Trina Solar, capitalizing on technology partnerships and federal grants.



    2. What will be the size of the United States Agrivoltaics Market in the coming years?

    The market size is projected to grow from USD 361.8 Mn in 2025 to USD 789.9 Mn by 2032 at an 11% CAGR, reflecting expanding market opportunities.



    3. Which end-user industry has the largest growth opportunity?

    Large-scale row crops such as corn and soybeans lead adoption, but specialty horticulture and vineyards are emerging as high-margin segments.



    4. How will market development trends evolve over the next five years?

    Trends will include increased bifacial module use, integration of smart-ag technologies, and rising off-taker agreements between utilities and farmers.



    5. What is the nature of the competitive landscape and challenges in the United States Agrivoltaics Market?

    The landscape is characterized by collaborations between renewable power producers and agricultural firms; challenges include high capex, regulatory fragmentation, and supply chain constraints.



    6. What go-to-market strategies are commonly adopted in the United States Agrivoltaics Market?

    Common strategies involve technology partnerships with agritech startups, participation in federal and state incentive programs, and turnkey service offerings combining PV installation with farm management.



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Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)