Solar Market and Cost Analysis

Quarterly PV Installed (GWdc) 9876543210 U.S. Installation Breakdown Annual: SEIA (GWdc) Unlike the previous slide, these values are in GWdc-not GWa According to SEIA data, the United States installed 13.4 GW dc of PV in the first three quarters of 2022-down 16% from the first three quarters of 2021. - Residential PV (4.2 GW dc) continued its strong growth and was up 37% from Q1-Q3 2021. However, utility-scale PV (7.5 GW dc) was down 33% and C&I PV (1.7 GW dc) was down 1% during this period. Utility PV U.S. PV Installations by Market Segment I Nonresidential PV Residential PV ac' Half of U.S. PV capacity installed in Q1-Q3 2022 was in California, Texas, and Florida. New York continues to lead in community solar installations (55% of Q1-Q3 installs). It is followed by Maine (18%) and Massachusetts (6%). Q1-Q3 2022 U.S. PV Installations by Region (13.4 GWdc) Southwest 11% 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 Note: SEIA reports values in Wdc which is standard for the solar industry. Sources: Wood Mackenzie/SEIA: U.S. Solar Market Insight: Q4 2022. 2020 2021 2022 Texas 17% Florida 12% Other 6% Northeast 12% California 24% Southeast 11% Midwest 9% NREL 13

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