American homeowners are expected to install a record 5.6 gigawatts of residential solar in 2022, according to a new analysis from Bloomberg NEF (BNEF).

BNEF found that 2022’s record US residential solar installations will be nearly three times that of the 1.9 GW of commercial solar installations expected this year.

Both residential and commercial solar installations are predicted to grow steadily through 2030, and with residential solar outpacing commercial solar every year. BNEF predicts that 2030 will see 8.3 GW of residential and 4.3 GW of commercial solar installed.

In May, Electrek noted that, according to a poll, American residential solar was installed for the following reasons:

  • To benefit the environment: 60%
  • Energy security: 54%
  • To reduce energy bill: 52%
  • To reduce energy reliance: 49%
  • Tax credit/rebates: 37%
  • To shade roof: 29%
  • To be off-grid: 28%

BNEF cites surging electricity prices and Inflation Reduction Act tax credit extensions as the reasons for accelerating residential solar adoption.

Residential solar tax credits are currently at 26%, and they rise to 30% for solar equipment placed in service after January 1, 2023. The 30% applies to projects placed in service in 2022 as well. The tax credit then falls to 26% for 2033 and 22% for 2034.

Americans are opting for rooftop solar and battery storage because, despite inflation and supply chain problems, solar and storage comes out cheaper than paying utility companies, especially as electricity bills rise. They also want to reduce reliance on the grid in the face of extreme weather.

Read more: Here’s how Americans feel about rooftop solar and how it affects their house values

Photo: VCU Capital News Service/Flickr


UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.

FTC: We use income earning auto affiliate links. More.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

About the Author

Michelle Lewis

Michelle Lewis is a writer and editor on Electrek and an editor on DroneDJ, 9to5Mac, and 9to5Google. She lives in White River Junction, Vermont. She has previously worked for Fast Company, the Guardian, News Deeply, Time, and others. Message Michelle on Twitter or at michelle@9to5mac.com. Check out her personal blog.