US Rooftop Solar Installs Hit Two-Year Low in First Quarter
- Report finds interest rates slowing residential installations
- US solar panel production booms, could meet 70% of demand
Workers install solar panels on the rooftop of a home in California.
Photographer: Sandy Huffaker/BloombergThis article is for subscribers only.
US residential solar installations in the first quarter fell to their lowest level in two years, as high interest rates and policy changes in the market’s biggest state dragged down demand.
Installers added 1.28 gigawatts of panels in the quarter, down 25% from 1.7 gigawatts a year earlier, according to a report Thursday from Wood Mackenzie and the Solar Energy Industries Association.