Solar Industry Update

Agenda 1 Global Solar Deployment 2 U.S. PV Deployment 3 PV System Pricing 4 Global Manufacturing 5 Component Pricing 6 U.S. PV Imports 7 PV Domestic Content EIA projects the percentage of U.S. electric capacity additions from solar will grow from 45% in 2022 (17 GWac) to 56% in 2023 (31 GWac) and 62% (41 GWac) in 2024. According to EIA data, the United States installed 11.2 GWac of PV in H1 2023-its largest H1 ever-up 44% y/y (SEIA reported 11.8 GWdc). The United States installed approximately 7.7 GWh (2.5 GWac) of energy storage onto the electric grid in H1 2023, +32% (+8%) y/y, as a result of growth in all sectors. NREL 7

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