Solar Industry Update slide image

Solar Industry Update

Planned U.S. Electric Generation Plants in Relation to Energy Communities Planned U.S. Generation Capacity in Relation to Energy Communities, September 2023 ashington North akota Minnesota Gregon ° Idaho South Dakot © 2023 Mapbox © OpenStreetMap Alaska . olorado Nebraska United State Kansas New grunswick Maine Nova Sc Closures & Energy Communities Adjacent to Coal closure Coal Closure MSAs/non-MSAS, FEE and EC Technology (group) All Others Batteries Offshore & Onshore Wind Solar Photovoltaic Nameplate Capacity (MW) Okloma en о 0 500 1,000 1,500 2,000 ≥ 2,500 Hawaii Click here to interactively view this data on Tableau Public. • Since the passage of the Inflation Reduction Act, which provides an additional 10% tax credit for renewable energy projects located in an "Energy Community", a significant amount of new planned renewable energy projects have been announced. In September 2022, one month after the passage of the Inflation Reduction Act, the EIA tracked approximately 123 GW of planned utility-scale PV, land-based wind, and battery projects (of which 78 GW had not yet started construction). Since then, 60 GW of new projects have been added to the dataset, 38 GW of which has not yet started construction. Canada Nail 2023 Mapbox © OpenStreetMap © 2023 Mapbox © OpenStreetMap Note: Brownfields, which are also eligible for the energy community bonus credit, do not have the same census tract delineations and so are not included in this analysis. Sources: U.S. Energy Information Administration (EIA), EIA Form 860 (November 2022, November 2023). NREL 12
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