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U.S. PV market installed less than expected Because 2020 COVID-19 epidemic

Data:2020-03-19

As the center of the American photovoltaic market, the United States is not only the third largest installed market in the world, but also one of the major markets for solar mounting system companies. At the end of 2019, the U.S. investment tax credit is about to expire, which makes the market full of expectations for the 2020 US PV installation market. According to analyst WoodMackenzie, the United States will install 13.4 GW of utility-scale solar power and 5.1 GW of small-scale solar power in 2020, with a new installed capacity of 18.5 GW.

U.S. PV market installed less than expected Because 2020 COVID-19 epidemic

However, affected by the new crown pneumonia epidemic in 2020, US President Trump said recently that the US economy may decline and the epidemic may last until July or August. This means that the US photovoltaic installation market will be delayed by nearly a quarter. In this case, people have adjusted their expectations for the US photovoltaic market in 2020. Market participants believe that supply, including solar mounting system and modules, will continue to be blocked with the development of the epidemic, at least until mid-July, which will lengthen the supply cycle of photovoltaic modules and equipment, resulting in tight supply, and photovoltaic product prices are expected to rise Increase, some market participants have reduced the US photovoltaic installation expectations by about 2-3GW.

As the world's main supplier of solar mounting system and modules, China was once one of the major exporters of module companies. However, since the United States' double countermeasures against Chinese photovoltaic products have continued to intensify, Chinese module exports to the United States in 2019 have fallen to historical lows.

At present, the United States has entered a five-year review of China ’s photovoltaic double reaction, and the double anti-law against Chinese photovoltaic products will hopefully end. It is reported that the United States Solar Energy Association (SEIA) recently submitted a letter to the Trump administration signed by more than 140 photovoltaic companies across the country, requesting adjustments to the 201 tariff, including the complete exemption of the double-sided module tariff, and the exemption of photovoltaic cells. SEIA believes that the adjustment of tariffs will greatly benefit the development of the US economy. And 2020 is the US election year. Economic development and various support are key factors. The suggestions from the industry believe that the Trump administration will seriously consider it. Perhaps, with multiple opportunities, the door of the US photovoltaic market is expected to reopen.

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Above news from CHIKO Sales & Marketing department
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