Solar installation fell in 2022, largely due to the limited availability of panels caused by a ban on some Chinese goods.
New solar installations in the U.S. dropped 16% in 2022 from the prior year, largely because of limited availability of panels due to a ban on some Chinese goods.
Previous estimates were revised up for the year and a broad market recovery is projected, according to a quarterly report by the Solar Energy Industries Association and research firm Wood Mackenzie.The residential segment was a bright spot, rising 40%, with a record 700,000 homeowners installing rooftop solar in 2022.The report projects steady growth, averaging 19% a year, until 2027.
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