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U.S. Solar Gets More Expensive in Threat to Climate Change Fight

  • Prices rose in every solar market segment in second quarter
  • Country in second quarter still added a record amount of solar
California Doomed To Frequent Blackout Risk By Battery Shortage
Photographer: Bing Guan/Bloomberg

Solar prices are rising for the first time in years in the U.S. amid global supply-chain woes, threatening to undermine efforts to fight climate change.

Prices rose in every solar-market segment during the second quarter -- the first time that’s happened since at least 2014, according to a report from Wood Mackenzie and the Solar Energy Industries Association. While many solar developers have sufficient inventory for 2021 projects, they will begin to see cost increases next year, the report said.