10 GW of small-scale PV capacity shall be installed in the USA during 2019 and 2020, EIA

In the USA, renewables provided 17 percent of total electricity generation in 2018, and the share of generation from renewable sources shall increase to 18 percent in 2019 and to 20 percent in 2020, according to figures published by the Energy Information Administration (EIA), which is part of the US Department of Energy. Almost 6 GW of utility-scale solar PV capacity will be added in the U.S. in 2019 and about 9 GW in 2020. Much of this new capacity is planned in the southeast U.S., particularly Florida and the Carolinas, as well as Texas. In these regions, solar production matches summer peak demand.
EIA also expects nearly 10 GW of small-scale solar PV capacity to be installed during 2019 and 2020, mostly in the residential sector. Domestic PV markets continue to adjust to several factors. Tariffs on PV modules imported into the U.S. started at 30 percent in January 2018 and are scheduled to decline five percentage points annually as they phase out over four years and expire completely after 2021.
In addition, revised PV installation targets in China produced a near-term surplus of PV modules that the international market is still rebalancing. The Internal Revenue Service published a safe-harbor provision for PV installations to qualify for a 30 percent investment tax credit, which allows for a four year construction period upon project initiation (considered to be the start of physical construction or the expenditure of 5 percent of project value).

Related News