March 7, 2022
Last year (2021) will shape up to have been another record year for U.S. solar, with Woodmac estimating in December that installed solar capacity for the year will land north of 20 GWdc. Through 3Q21, the U.S. installed 15.7 GWdc of solar and solar represented 54% of new capacity added in the United States year-to-date. However, as a result of mounting solar supply chain constraints and commodity price increases — which are driving a meaningful increase to solar installed costs — Woodmac has lowered its U.S. solar forecast for 2022 by 25% (representing a decline of 7.4 GWdc, the majority of which is in the utility-scale solar segment).