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US solar market records first price increase in seven years

The utility-scale sector recorded the highest increase of 6% year-over-year since 2014, according to the study.

The increase is due to supply chain constraints, despite the market adding up 5.7GW of solar energy capacity in the second quarter of 2021.

This means solar accounted for 56% of all new electricity capacity additions in the US in the first half of 2022, according to the report. The US managed to surpass 3 million solar installations during the second quarter of 2021 owing to massive growth in the residential segment.

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