Spring 2023 Solar Industry Update

Agenda 1 Global Solar Deployment 2 U.S. PV Deployment 3 PV System Pricing 4 Global Manufacturing 5 Component Pricing 6 Market Activity 7 U.S. PV Imports • In 2022, PV represented approximately 46% of new U.S. • electric generation capacity, compared to 4% in 2010. - Nearly 30 GWac of new installed capacity was either from renewable energy or battery technologies in 2022, a decline of 7 GWac compared to 2021. Solar still represented only 9.0% of net summer capacity and 4.7% of annual generation in 2022. - However, 16 states generated more than 5% of their electricity from solar, with California leading the way at 27.3%. • The United States installed 17.0 GWac (20.2 GWdc) of PV in 2022, ending the year with 110.1 GWac (140.6 GWdc) of cumulative PV installations. • The United States installed approximately 14.1 GWh, 4.8 GWac of energy storage onto the electric grid in 2022, up 34% y/y. NREL 17

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