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U.S. Solar Market Insight

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Updated June 7, 2022

The U.S. installed 3.9 gigawatts (GWdc) of solar PV capacity in Q1 2022 to reach 126.1 GWdc of total installed capacity, enough to power 22 million American homes. Solar accounted for 50% of all new electricity-generating capacity added in the U.S. in Q1. Residential solar had its largest quarter in history with 1.2 GWdc installed, a 30% increase year-over-year. However, installations slowed in other segments due largely to supply chain challenges. Utility-scale solar installations reached 2,173 MWdc, a 41% decrease from Q1 2021, and new procurement was at its lowest level since 2017. 

Important note: This edition of the US Solar Market Insight report contains forecast scenarios based on different policy environments, particularly the US Department of Commerce anti-circumvention investigation initiated in late March. After these scenarios were finalized, the Biden administration announced 1) a two-year delay of new AD/CVD tariffs on solar cells and modules imported to the US from Cambodia, Malaysia, Thailand, and Vietnam, and 2) authorization of the Defense production Act in support of domestic solar manufacturing. Given this news, our Base case outlook reflects our current view of industry expectations, with a few gigawatts of upside potential to 2022 installations.

Read the Latest Report

Click here to read the Executive Summary of the latest Solar Market Insight Report. The full report includes all the data and analysis from our Executive Summary plus incisive, state-level breakdowns of installations, costs, manufacturing and demand projections. To learn more about the Solar Market Insight Report series, click here

Press Release

WASHINGTON, D.C. and HOUSTON, TX — The U.S. solar industry had its lowest quarter of installations since the start of the coronavirus pandemic, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business. In Q1 2022, price increases and supply chain constraints continued to suppress the solar market as the industry installed 24% less solar capacity than Q1 2021. (Keep Reading)

More Industry Data

For more facts and figures about the U.S. solar industry, including historical data and future projections, click here

Solar Numbers at Your Fingertips

Need a quick summary of all the key facts and figures about the U.S. solar industry? Download SEIA's Solar Data Cheat Sheet