9/28/2023 0 Comments Download free rise of the industry![]() ![]() From the second half (H2) of 2021 to H2 2022 (partial), the median reported distributed PV system price in Arizona, California, Massachusetts, and New York increased 4% to $4.25/watts-DC (Wdc) for systems 2.5 to 10 kilowatts (kW) but decreased 3% to $1.77/Wdc for systems 500 kW to 5 megawatts (MW).The United States installed approximately 11.1 gigawatt-hours (GWh) (3.7 GWac) of energy storage onto the electric grid in Q1-Q3 2022, +88% (+90%) y/y, as a result of high levels of residential deployment and grid-scale deployment.The United States installed 11.2 gigawatts-AC (GWac) of PV in the first three quarters of 2022-down 9% from the first three quarters of 2021.Unlike the previous proposal, there are no fixed charges and there is a transition period. The California Public Utilities Commission approved revised net metering rules in December 2022-becoming effective in April 2023-with exported solar energy eventually being compensated at rates ~75% lower than retail.In the first 9 months of 2022, solar photovoltaic (PV) installations increased significantly y/y in China (106%) and India (51%), and to a lesser extent in Germany (22%).China’s National Energy Administration revealed in late January that China installed 87 gigawatts (GW) in 2022, up 59% year-over-year (y/y). ![]() Key updates from the Winter 2023 Quarterly Solar Industry Update presentation, released January 26, 2023:
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