L R AS Published on Sunday 9 January 2022 - n° 388 - Categories:the American PV
United States: Build Back Better; solar installations at the end of September
The $1.750 billion Build Back Better Act in the United States, which provides support for the photovoltaic sector (installation credit and credit for the production of solar components), is a major step forward.
still at an impasse
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In the US, solar power accounted for 54% of all new electricity generation capacity added in the first three quarters of 2021.
Residential solar installations exceeded 1 GW and 130,000 systems in a single quarter for the first time. Residential solar companies have fared better in the face of recent price rises, but limited module supply could impact future installations.
Commercial and community solar fell by 10% and 21% quarter-on-quarter,
Rising prices are having the biggest impact on the large-scale solar market. Prices in this segment fell by 12% between Q1 2019 and Q1 2021, but the spikes of the last six months have wiped out all the price falls in this two-year period. Due to supply chain constraints and logistical challenges, Wood Mackenzie has lowered its 2022 solar forecast by 25%, a drop of 7.4 GW.
If the 'Build Back Better Act' were passed (which more and more people doubt), the US SEIA estimates that PV installations would be boosted by 31% through to 2026, despite the continuing rise in solar energy prices. If passed, the US would need to install 43.5 GW of additional solar capacity over the baseline forecast between 2022 and 2026. This would bring cumulative solar capacity in the US to more than 300 GW, triple the amount of solar energy deployed today.
