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Qcells Dominates US Solar Market: Wood Mackenzie Report

Source: Q Cells

Qcells has again topped the US solar market, according to a recent Wood Mackenzie Power & Renewables report.

The US PV Leaderboard Report confirmed Qcells as the leading supplier in the residential and commercial solar sectors for 2022, cementing its place as a consistent market leader.

Qcells captured an impressive 33.7% of the U.S. residential solar panel market last year, marking its 18th consecutive quarter in pole position.

As a result, Qcells' panels now power more than one-third of all solar homes in the U.S., setting a new 10-year record for the highest market share by a single residential panel supplier.

Qcells achieved a significant 38.9% market share in the fourth quarter alone.

Qcells maintained its number one position in the commercial market for the fourth consecutive year, with a 17.7% market share in 2022.

The company's strong position is rooted in its long-term commitment to the U.S. market, with plans to invest more than $2.5 billion to build a comprehensive solar supply chain.

This record-breaking investment is designed to accelerate the U.S. transition to renewable energy and expand domestic manufacturing, in line with the national push for homegrown clean energy solutions.

Qcells' recent strategic partnership with Summit Ridge Energy, the largest commercial solar company in the U.S., further demonstrates its commitment to the sector.

Under the agreement, Qcells will supply 1.2 gigawatts of solar panels to support the creation of more than 350 community solar projects over the next four years.

In addition, Qcells will provide more than 2.5 gigawatts of solar panels and engineering, procurement, and construction services for select solar projects connected to Microsoft through power purchase agreements.

"We are proud to be a leading provider of clean energy solutions in the U.S. PV module sector," said Justin Lee, CEO of Qcells. "Our continued market leadership demonstrates that our customers value the Qcells brand. We believe establishing a complete domestic solar manufacturing value chain in the U.S. will help us reach even greater heights and solidify our position as the trusted choice for the U.S. market."