1、Spring 2024 Solar Industry UpdateDavid FeldmanJarett ZuboyKrysta Dummit,Solar Energy Technologies OfficeDana StrightMatthew HeineShayna Grossman,ORISEaFellowRobert MargolisMay 14,2024Photo by U.S.Department of Energya Oak Ridge Institute for Science and EducationNREL|2Global Solar Deployment1U.S.PV

2、Deployment2PV System Pricing3Global Manufacturing4Component Pricing5Market and Policy67U.S.PV ImportsAgendaNREL|3NREL|3Global Solar Deployment IEA reported that in 2023,407446 GWdc of PV was installed globally,bringing cumulative PV installs to 1.6 TWdc.China continues to dominate the global market,

3、representing 60%of 2023 installs,up 120%y/y.The rest of the world was up 30%y/y.The U.S.was the second-largest market in terms of cumulative and annual installations.Analysts project that cumulative global PV installations will reach 2 TWdc 5 TWdc by 2030 and 4 TWdc 15 TWdc by 2050.U.S.PV Deployment

4、In 2023,PV represented approximately 54%of new U.S.electric generation capacity,compared to 6%in 2010.Solar still represented only 11.2%of net summer capacity and 5.6%of annual generation in 2023.However,22 states generated more than 5%of their electricity from solar,with California leading the way

5、at 28.2%.EIA reported that the United States installed 26.3 GWac(32 GWdc)of PV in 2023,ending the year with 137.5 GWac of cumulative PV installations.SEIA,which has different definitions of“placed-in-service,”reported 40.3 GWdc of PV installed in 2023,186.5 GWdc cumulative.The United States installe

6、d approximately 26.0 GWh/8.8 GWac of energy storage onto the electric grid in 2023,up 34%y/y.PV System and Component PricingThe median system price of large-scale utility-owned PV systems in 2023 was$1.27/Wacrelatively flat since 2018.The median price for residential PV systems reported by EnergySag