The US photo voltaic manufacturing business simply hit a historic milestone: Home photo voltaic module manufacturing capability has surpassed 50 gigawatts (GW). If all these factories ran at full capability, they might produce sufficient modules to satisfy the nation’s total photo voltaic demand.
This achievement alerts a shift within the US photo voltaic business, which has traditionally relied on imports for key elements.
In accordance with the Photo voltaic Vitality Industries Affiliation’s (SEIA) Provide Chain Dashboard, firms have introduced plans for 56 GW of latest photo voltaic cell manufacturing within the US, 24 GW of wafer manufacturing, and 13 GW of ingots. In the meantime, home photo voltaic tracker manufacturing capability has now topped 80 GW.
SEIA president and CEO Abigail Ross Hopper mentioned:
Reaching 50 GW of home photo voltaic manufacturing capability is a testomony to what we will obtain with good, business-friendly public insurance policies in place.
The US is now the third-largest module producer on this planet due to these coverage actions.
This milestone marks progress for the photo voltaic business and reinforces the important position power insurance policies play in increase the home manufacturing business that American employees and their households depend on.
SEIA first set a aim in 2020 to succeed in 50 GW of US photo voltaic module manufacturing capability by 2030 – sufficient energy output to match 27 Hoover Dams. That aim spans your complete photo voltaic provide chain, from modules and cells to ingots, wafers, polysilicon, trackers, and inverters.
On the time, the US had solely 7 GW of home module manufacturing and no manufacturing for important upstream elements like ingots and wafers. Quick ahead to at present, and the business seems lots completely different. Two new US photo voltaic cell factories – one in Georgia and one other in South Carolina – have already come on-line previously few months, serving to to fill within the gaps.
SEIA’s technique has centered on constructing out home module manufacturing first to create demand for upstream elements. Due to coverage incentives that SEIA helped advocate for such because the superior manufacturing manufacturing tax credit score, firms at the moment are investing in each a part of the photo voltaic provide chain.
One other win got here when SEIA pushed for photo voltaic ingot and wafer manufacturing to qualify for a 25% funding tax credit score underneath the CHIPS and Science Act of 2022. That transfer helps construct out the US photo voltaic provide chain even additional. Because the passage of key federal power insurance policies, US photo voltaic module manufacturing has grown five-fold.
Learn extra: The US’s largest photo voltaic cell manufacturing unit is now on-line in South Carolina
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