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Solar Industry Update

Solar Generation as a Percentage of Total Net Generation 32% 30% 28% 26% 24% 22% 20% 18% 16% 14% 12% 10% 8% 6% 4% Solar Generation as a Percentage of Total Generation, Q4 2022-Q3 2023 12.8% 18.5% 17.9% 25.1% 24.4% 27.5% Click here to interactively view this data on Tableau Public. 11.0% 10.2% 9.8% 8.9% 8.9% 8.0% 7.5% 6.9% 6.5% During the 1-year time span from Q4 2022 to Q3 2023, 20 states generated more than 5% of their electricity from solar, with California leading the way at 27.5%. CSP Residential • C&I UPV 6.2% 6.1% 6.1% 6.1% 6.0% 5.4% .3% 2% 0% CA NV MA HI VT UT RI AZ PR NC ME CO NJ NM FL ID MD VA GA DE TX US Note: EIA monthly data for 2023 are not final. Additionally, smaller utilities report information to EIA on a yearly basis, and therefore a certain amount of solar data has not yet been reported. "Net Generation" includes distributed PV generation. Net generation does not take into account imports and exports to and from each state, and therefore the percentage of solar consumed in each state may vary from its percentage of net generation. *EIA does not estimate distributed PV production in Puerto Rico; utility-scale values derived from EIA Form 923 and distributed PV values represent estimates based on capacity installations from EIA Form 861 and system production from PVWatts. Source: U.S. Energy Information Administration (EIA), "Electricity Data Browser." Accessed October 2023. • Five states (California, Nevada, Massachusetts, Hawaii, and Vermont) generated more than 15% of their electricity using solar. Three other states generated more than 10% of their electricity using solar: Utah, Rhode Island, Arizona. In calendar year 2022, solar generation was 4.1% in Delaware, 4.3% Idaho, and 4.8% in Texas-all these states broke the 5% barrier recently. Nationally, 5.3% of electricity was generated from solar-up from 4.8% during 2022. The roles of utility and distributed solar vary by state. Southern and Western states rely more on utility-scale solar, while northern states and Hawaii rely more on distributed solar. NREL 17
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