The suppressed economy and higher unemployment levels this year have had less detrimental impacts on solar sales than originally expected. Sales volumes had returned to pre-Covid-19 levels by the middle of the summer, and ever since, many installers have had record-breaking sales months. While larger installers have recovered faster than smaller installers, the recovery has been broad.
As a result, the biggest limitation for the industry has shifted from sales to labor supply. Installation crews have been ramping back up and hiring more staff since the spring, but the labor supply is tight. The industry has now returned to the labor shortages experienced in late 2019 and early 2020 prior to the pandemic.
“Every morning we are born again. What we do today is what matters most.”
Buddha
Labor shortages over the coming months will cause some projects to be delayed until next year. When combined with demand pull-in related to the ITC extension at 26% for two years. This expected result should increase to 13% growth in 2021 over 2020. Our 2021 outlook has been revised upwards where installers continue to report growing sales pipelines. Some markets are expected to install more than 300 MW in 2021, ranking behind only California.
Residential Market
- 738 MWdc installed in Q3 2020
- Up 14% from Q2 2020
- Flat over Q3 2019
Commercial/Industrial
- 429 MWdc installed in Q3 2020
- Up 8% over Q2 2020
- Down 13% from Q3 2019
Utility
- 2.7 GWdc installed in Q3 2020, the largest third quarter for utility PV in
history
• The utility PV contracted pipeline has grown by 7 GWdc to 69.2 GWdc
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These major incidents triggered a domino effect on the supply chain, causing significant upstream price increases starting in August. Mono-grade polysilicon prices increased by 56% quarter-over-quarter. Mono wafer prices jumped by more than 20% during the same period while multi wafer prices increased for the first time in more than two years due to supply shortage. Mono PERC cell prices also went up by about one cent.
Important Note:
USD has partnered with Stem and Enel X and is accredited for storage. If you are looking for storage options on your next or any future projects, please allow us to ensure your storage investment brings the expected returns.
If you are looking for low-cost high-efficiency modules or storage please read below.
Looking for an amazing module deal than please contact us ASAP and we have a number of modules (JA, QCell, Longi, Jinko, Trina, GCL, Risen, and Seraphim) at extremely low prices? These are Tier 1 with a full warranty being purchased directly from the factory.
With an additional two years of 26% ITC, it is time now to remove the tariff.
If you want 430W to 460W modules let us know as we can get best pricing.
Last week’s question, “Do you have any storage projects you are working on?” “38% of the respondents said, Yes.”
Thank you for your responses. Each week we will give you the results from the previous week’s question. If you have a minute please respond to the below question.
Thank you for being our customer
USD focuses on ensuring our customers have a pleasant experience purchasing modules or storage. We have refined the steps of the bid, acceptance, and delivery process. We perform the steps required to satisfy the requirements of all the parties in the acquisition and sale. Please contact us with any questions, and we can help you better understand the value of hiring module professionals to assist your module purchase process.
Have questions please contact Karlita or Robert, and we will be happy to assist you? If you have Marketing questions contact Jayde.