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Why the Solar Market Is Down and Why It’s Poised for a Comeback

September 8, 2022

Via: PowerMag

The forecast for U.S. solar energy installations in 2022 have been revised downward in a report published by Wood Mackenzie and the Solar Energy Industries Association (SEIA) on Sept. 8, due in large part to supply chain constraints and an industry-wide slowdown caused by the initiation of an anticircumvention investigation earlier this year.

The U.S. solar market installed 4.6 GWdc of solar capacity in the second quarter (Q2) this year. That was a 12% decrease from the same period in 2021. The result follows a 24% decrease year-over-year in Q1, which was the weakest quarter for U.S. solar installations in two years.

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