The US solar industry expects to install an unprecedented 32 GW of new capacity in 2023, according to a report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
According to the new US Solar Market Report for the third quarter of 2023, the projected installed solar capacity represents a 52% increase over 2022. Supply
chain disruptions due to pandemics and restrictive trade policies have negatively affected the solar market in recent years. But those challenges are fading, and with the implementation of the Biden administration's IRA guidelines, Wood Mackenzie expects total installed solar capacity in the states to grow from 153 GW today to 375 GW by 2028. Abigail Ross, President and CEO, Inc. SEIA
. "The solar and storage industries provide a lot of clean energy and generate billions of dollars in private investment, and that's just the tip of the iceberg," Hooper said.
An increase in new industrial investment in the US - again fueled by the IRA -
is expected to improveconditions for domestic solar energy supply
over the next few years
.According to SEIA, solar panel production in the United States will increase 10-fold by 2026 as these devices come online.
In the second quarter of 2023, the solar and residential utility markets recorded growth of 3.3 GW and 1.8 GW, respectively. It was the largest solar market growth quarter in history as California consumers rushed to install pre-grid solar. changes in measurement methods. you passed. (California is the second-largest solar power base in the United States after Florida.)
The commercial solar market declined in the second quarter, primarily due to delays in interconnection projects and pauses in project progress before tax clarifications. IRA Loan. Despite these challenges, higher energy prices in some states are driving demand in the commercial solar market, which is expected to grow by 11% by 2023. “
Since Its introduction, the IRA certainly caused a wave of optimism in the solar industry.”
Announcements for the production of solar panels have gone viral, promising a more stable supply of solar panels in the future
"The challenge now is to implement the regulations - to clarify the many provisions of the IRA before the industry invests in solar energy."
Image: Enface Energy
Also Read: In 2023, 270 GW of solar power is expected globally
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