US Solar Prices Soared Over 8 Percent in 2nd Quarter: Report

US Solar Prices Soared Over 8 Percent in 2nd Quarter: Report
Solar panels in this drone photo at the Impact solar facility in Deport, Texas, on July 15, 2021. Drone Base/Reuters
Reuters
Updated:

U.S. solar energy prices rose 8.1 percent in the second quarter as projects were stalled by a Commerce Department investigation into tariffs on products from Southeast Asia and soaring input costs, according to a report published late on Wednesday.

The increase during the period contributed to a whopping 29.7 percent rise in the combined price of wind and solar contracts, known as power purchase agreements (PPAs), from the previous year, according to a quarterly index by LevelTen Energy that tracks renewable energy deals.