Solar Market and Cost Analysis

U.S. Installation Breakdown Annual: EIA (GWac) ас According to EIA data, the United States installed 11.2 GW ac of PV in the first three quarters of 2022-down 9% from the first three quarters of 2021. 8 7 - Residential PV (3.9 GWac) was up 34% and C&I PV (1.1 GWac) was up 8% during this period. However, utility-scale PV (6.2 GWąc) was down 26%. Utility-scale C&I Residential U.S. PV Installations by Market Segment Half of U.S. PV capacity installed in Q1-Q3 2022 was in California, Texas, and Florida. Those three states also ranked first (California), second (Texas), and third (Florida) in total installed PV as of September 2022. Q1-Q3 2022 U.S. PV Installations by Region Southwest 9% Quarterly PV Installed (GWac) 5 + 6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2017 2018 2019 2020 2021 2022 Note: EIA reports values in Wac which is standard for utilities. The solar industry has traditionally reported in Wdc. Florida 12% Texas 17% Other. 3% California 23% Northeast 12% Sources: EIA, "Electric Power Monthly," forms EIA Form 023, EIA Form 826, and EIA Form 861 (November 2022, February 2021, and February 2019). Midwest Southeast 11% 13% NREL 12

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