U.S. solar market slumps during second quarter – pv magazine USA

U.S. solar market slumps during second quarter – pv magazine USA

While only 1.2 GW of solar was installed in the utility-scale sector, there is currently a total of 4.3 GW of utility-scale projects that are under construction, along with another 20 GW where contracts are signed but construction has not yet begun. Many of these will likely try to get in under the 30% investment tax credit, which can be claimed if projects begin construction by the end of next year, even if they don’t go online until the end of 2022.

Wood Mackenzie’s “non-residential” sector did not fare as well, and the 453 MW installed is down 8% from a year ago. The saving grace of this sector was commercial solar, which saw a whopping 300 MW installed, largely in Minnesota and Massachusetts.

Meanwhile the residential sector is showing that it at least is not continuing to crash. While installations are still below 2016 levels, they were relatively flat year-over-year during the second quarter. And while most of the largest solar markets are still showing declines, installation is moving to second-tier markets as this market becomes more national and less focused on a few key states.

via U.S. solar market slumps during second quarter – pv magazine USA