Skip to main content

COVID-19 Impacts on the U.S. Solar Industry

Share

Like many American industries, the solar industry has been hit hard by COVID-19. Compounding issues, including supply chain delays, tightening of tax equity markets, homeowners’ financial concerns, shelter-in-place orders, and permitting challenges are all placing tremendous pressure on the industry. Without strategic government action, U.S. jobs and economic investment will suffer. With the right policies in place, the solar industry is poised to lead the U.S. out of this economic recession and create jobs for thousands of Americans.

Press Release

WASHINGTON, D.C. – New analysis shows that the U.S. solar industry will employ 114,000 fewer workers by June 2020, compared to previous forecasts that projected the industry would employ 302,000 Americans over the same time period. With an expected workforce of 188,000 people, this job loss will take the industry back to 2014 levels as a result of the COVID-19 crisis. Keep Reading

Key Takeaways:

  • Due to the COVID-19 pandemic, the outlook for solar has changed dramatically. Through June of 2020, the industry will employ 188,000 workers, rather than the 302,000 that was originally forecasted – a 38% decline.
  • These losses would negate 5 years of solar industry growth, pushing the workforce back to a level not seen since 2014.
  • The U.S. will install just 3 gigawatts (GW) of solar capacity in Q2 2020 - a 37% decline from pre-COVID forecasts.
  • The Q2 solar deployment losses are equivalent to powering 288,000 homes and $3.2 billion in economic investment.

For information about SEIA's federal advocacy to support the solar industry during the COVID-19 crisis, click here. 

For additional resources and updates on COVID-19, click here. 

Resource Type

Related Resources

Tuesday, Dec 15, 2020

Solar Market Insight Report 2020 Q4

The quarterly SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market InsightTM report shows the major trends in the U.S. solar industry. Learn more about the U.S. Solar Market Insight Report. Released December 15, 2020.

Read More
Saturday, Nov 07, 2020

The Solar Vision for 2021 & the 117th Congress

The 2020 election will have tremendous consequences for the future of energy and climate policy in the United States. To meet this moment and provide guidance for the incoming Biden administration and new members of Congress, SEIA has prepared a 100-day legislative and executive agenda. 

Read More
Monday, Nov 02, 2020

COVID-19 Impacts on Tax Equity Markets

COVID-19 is Harming Tax Equity Financing At the outset of the COVID-19 pandemic, we heard scattered reports of medium- and long-term decreases to the availability of tax equity financing, as well as those who faced immediate challenges.

Read More