The US photo voltaic trade shrank by 16% in 2022. It was a unstable yr characterised by the anticircumvention investigation, widespread gear detentions at ports and the historic victory of the Inflation Reduction Act (IRA). On stability, all of the uncertainty surrounding numerous commerce points in addition to provide chain constraints took their toll on trade progress.

Because the trade seems forward to 2023, there may be trigger for optimism. Most count on provide chain aid within the second half of this yr as importers fulfill Customs and Border Safety (CBP) necessities and shipments make their method to undertaking websites. However main uncertainties stay concerning new anticircumvention tariffs, home photo voltaic module provide and US Treasury steerage on numerous points of the IRA.

To assist the trade benchmark these uncertainties, we’ve created a set of different situations. In our US photo voltaic market perception 2022 yr in evaluation report, created in collaboration with the Photo voltaic Power Industries Affiliation (SEIA), we spotlight these forecast situations 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 accumulate granular information on the US photo voltaic market from practically 200 utilities, state businesses, installers, and producers. This information supplies the spine of this US Photo voltaic Market Perception® report, by which we establish and analyze developments in US photo voltaic demand, manufacturing and pricing by state and market section over the following 5 to 10 years.

Obtain the chief abstract right now.