The installed capacity of the US solar energy market has exceeded 100GW

  The incentive policies for solar power generation in the United States vary from state to state, and most of them adopt renewable energy quotas, tax incentives, cash subsidy programs, etc., which are also the main driving forces for the development of the American solar energy industry. For the scientific and technological research and development of the solar energy industry, the government gives financial support from various aspects. According to the latest edition of insight report on American solar market in the second quarter of 2021 released by SEIA and Wood Mackenzie, the installed capacity of American solar market exceeds 100GW. In the past three and a half years, the scale of the industry has doubled. In the first quarter of 2021, the new capacity of American solar energy industry was 5GW, which set a new record in the first quarter and increased by 46% compared with the first quarter of 2020. Public utilities accounted for the vast majority of these projects, setting a record of 3.6GW in the first quarter. In addition, the sales volume of household solar energy continued to grow, and the industry added 905MW in the first quarter of 2021, an increase of 11% over the same period of last year.  

  Affected by the hot demand for solar energy and COVID-19 epidemic, including the rising availability and freight of microchips, the price of solar products has increased and the delivery period has been delayed. Since the outbreak of the epidemic, the price of steel has doubled, and the price increase has impacted the cost of solar support and sun-chasing system, mainly affecting solar energy in public business scale and solar energy in carport that needs more supports; From the fourth quarter of 2020 to the first quarter of 2021, the average price of solar energy system remained relatively stable. Nevertheless, solar module, including polysilicon, steel, aluminum, semiconductor chips, copper and other metals, and the key inputs of the project are facing the problem of supply restriction. Since the end of the first quarter, the composite cost of all materials has increased, which has already begun to affect the installer. Driven by the rapid growth of the global PV application market, China's solar mounting structure ,solar mounting kit export scale has increased substantially for three consecutive years, with an average growth rate exceeding 45%. In the past five years, Kinsend's solar racks export volume has doubled every year, and many solar ground mounting projects have been successfully installed. Our customers are involved in more countries and regions around the world, and the epidemic brings a challenge and an opportunity to global trade. Kinsend ‘s solar panel structure production and distribution still keep the fastest progress.