The US photo voltaic business shrank by 16% in 2022. It was a unstable 12 months characterised by the anticircumvention investigation, widespread gear detentions at ports and the historic victory of the Inflation Reduction Act (IRA). On steadiness, all of the uncertainty surrounding numerous commerce points in addition to provide chain constraints took their toll on business development.
Because the business appears to be like forward to 2023, there’s trigger for optimism. Most anticipate provide chain reduction within the second half of this 12 months as importers fulfill Customs and Border Safety (CBP) necessities and shipments make their method to undertaking websites. However main uncertainties stay relating to new anticircumvention tariffs, home photo voltaic module provide and US Treasury steerage on numerous features of the IRA.
To assist the business benchmark these uncertainties, we’ve created a set of different eventualities. In our US photo voltaic market perception 2022 12 months in evaluation report, created in collaboration with the Photo voltaic Power Industries Affiliation (SEIA), we spotlight these forecast eventualities along with our annual 10-year outlook.
US Photo voltaic Market Perception® is a quarterly publication of Wooden Mackenzie and the SEIA®. Every quarter, we gather granular information on the US photo voltaic market from practically 200 utilities, state businesses, installers, and producers. This information gives the spine of this US Photo voltaic Market Perception® report, wherein we determine and analyze tendencies in US photo voltaic demand, manufacturing and pricing by state and market phase over the following 5 to 10 years.
Obtain the chief abstract at this time.