However, with deployment impacted by import delays early last year, PV additions were only marginally up on the 345MW of solar the company added in 2021.

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On a quarterly basis, Tesla deployed 100MW of solar in Q4 2022, an 18% jump on the same period of 2021. No details were provided about the company’s solar roof.

“Our solar installation team continues to improve installation efficiency, enabling higher volumes and stronger economics,” the company said in a report accompanying its financial results.

During Q4 2022, Tesla’s energy generation and storage unit posted revenues of US$1.31 billion, a 90% increase on the same quarter of 2021.

“The energy business had its strongest year yet across all metrics, led by steady improvement in both retail and commercial storage,” said Zach Kirkhorn, Tesla CFO, during a conference call with investors.

Tesla’s energy storage deployments grew 64% year-on-year, reaching 6.5GWh in 2022, as reported by sister site Energy-Storage.news. The company said demand for its storage products is in excess of its ability to supply.

With US households looking for more energy independence and savings as power prices increase, the county deployed a record 1.57GW of residential solar during Q3 2022, according to trade body the Solar Energy Industries Association and research firm Wood Mackenzie.

That figure was achieved despite trade barriers and supply chain constraints leading total US solar deployment during the third quarter to drop 17% year-on-year.

Conference call transcript from the Motley Fool.

UPCOMING EVENT

PV ModuleTech USA 2025

17 June 2025

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

UPCOMING EVENT

PV CellTech USA 2025

7 October 2025

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

UPCOMING EVENT

Solar & Storage Finance USA 2025

21 October 2025

New York, USA

Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.