The U.S. solar energy industry has grown tremendously in the past decade. That growth has actually been one of the most phenomenal economic growth stories across the whole U.S. economy. However, the “Covid Era” hit solar hard, and it has struggled to get back on the trajectory it was on.
U.S. Solar Energy Growth Has Slowed
The latest industry-wide data we have from the U.S. Solar Energy Industries Association and Wood Mackenzie show a near leveling off of growth. (Note that all of the following data and analysis from these parties comes from before the passing or even introduction of the Inflation Reduction Act of 2022.)
Let’s start with the most striking or upsetting chart.
As you can see, the forecast for 2022 U.S. solar PV deployment (newly installed solar power capacity) is very poor. It’s far below 2020 and 2021 totals, just a bit above the total solar PV deployment…
Inflation Reduction Act To Give U.S. Solar Energy Industry A Much Needed Boost
