U.S. Solar Market Insight- Second Quarter 2022

The U.S. installed 4.6 gigawatts (GWdc) of solar PV capacity in Q2 2022 to reach 130.9 GWdc of total installed capacity, enough to power 23 million American homes. Solar accounted for 39% of all new electricity-generating capacity added in the U.S. in the first half of 2021. Residential solar had its largest quarter in history with 1.36 GWdc installed, setting its fifth-straight quarterly record. Utility-scale solar installations reached 2.7 GWdc, a 25% decrease over the same quarter last year, as the industry continued to weather supply chain challenges and trade disruptions. Despite these challenges, the passage of the Inflation Reduction Act (IRA) has created significant upside to the long-term solar forecasts, with installations expected to increase by 40%, or 62 GWdc, above the previous baseline over the next five years.


Comments are closed.

Post Navigation