October 3, 2023

Photo voltaic power installations surged within the first few months of this 12 months, thanks partly to provide chain challenges easing. The US photo voltaic trade put in 6.1 gigawatts of photo voltaic capability within the first quarter of 2023. That is sufficient energy for greater than 4 million properties. 

The information comes from an trade report launched Thursday by the Photo voltaic Power Industries Affiliation and analysis agency Wooden Mackenzie. The report quarter was pushed partly by delayed photo voltaic tasks continuing as soon as once more as provide chain issues have softened, stated the SEIA. Renewable power incentives within the Biden administration’s Inflation Discount Act additionally helped spur demand. 

Set up within the residential phase elevated 30% in contrast with this time final 12 months, to 1.6 gigawatts. The residential market is predicted so as to add 36 gigawatts of photo voltaic over the following 5 years, based on the report. In whole, the SEIA says there’s sufficient photo voltaic power presently put in within the US to energy 26 million households. 

Many individuals look to rooftop photo voltaic as a greener and (in the long term) cheaper strategy to gas their properties, CNET’s Katie Collins explains. It will possibly additionally enhance a house’s worth and power independence. 

However photo voltaic does not work for all householders, together with those that do not need to spend cash on the upfront prices or these with out very best circumstances for the panels. In case you’re contemplating photo voltaic panels on your own home, CNET breaks down installations, tax credit, batteries and the whole lot else you want to know to get began. 

The business market phase additionally skilled a report first quarter, putting in 391 megawatts, based on the report. Florida had essentially the most photo voltaic installations within the quarter, throughout business, residential and different sectors, with 1.46 gigawatts.

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