According to SolarReviews’ 2022 Solar Industry Survey, the market continues to show signs of strong growth, with 63% of residential installers reporting increased demand in 2022 and 73% expecting to sell more solar in 2023.
“This survey provides essential insight into how the industry is coping with the unique challenges of 2022, from supply chain issues to a shortage of skilled workers – as businesses prepare to grow in response to the anti-inflation bill,” said Andrew Sendy, CEO. SolarReviews.
Important trends revealed by the results of the survey include, for example,
- 30% say they plan to take investment tax credit under 48 for the first time;
- 81% now offer energy storage installation and 67% electric car charger installation; 63% have both additional services;
- 67 percent of all respondents reported supply chain issues at the same level or worse in 2022 compared to 2021;
- 38% were waiting to see the final guidance before deciding to take advantage of the low-income incentives under the Inflation Reduction Act (the guidance was released when responses were collected);
- 34% said they would not expand low-income offerings or the new incentives did not affect their business
The survey was conducted from February 6 to March 3 and gathered feedback from nearly 450 respondents from across the US solar industry.
The full report can be found here.