New solar installations in the U.S. dropped 16% to 20.2 GW in 2022 from the prior year, largely because a ban on some Chinese goods limited the availability of panels, according to a market report released on Thursday.
The report by Wood Mackenzie and the Solar Energy Industries Association (SEIA) revised up previous year estimates and forecasts a broad market rebound ahead as the country's solar industry is expected to benefit from new climate legislation and supply chain onshoring.