The U.S. solar energy market continues to struggle with the pandemic-induced supply chain challenges and shipping constraints, which have led to an increase in prices. Price increases have impacted deployment, with 2022 installation forecasts dropping from 30 GW to 15 GW over the last year. Moreover, U.S. solar soft costs remained high.
In the second quarter of 2022, the U.S. solar industry installed 4.6 GW DC of solar capacity, a 12% decrease from the same period in 2021. Utility-scale solar installations decreased 25% from the same quarter last year. Similarly, commercial solar installations were down 7% year-over-year.
