New solar power capacity additions in the United States are on track to book a record year despite supply chain disruptions that have seen price spikes that have effectively put an end to the cheap solar narrative. In the second quarter alone, new solar installations rose 45 percent on the year at a total 5.7 GW of installed capacity in both residential and utility-scale installations, energy consultancy Wood Mackenzie said in a joint report with the Solar Energy Industries Association. But this record has been marred by rising prices across the industry. According to Wood Mac, price increases resulting from supply chain disruptions amid the pandemic have affected utility-scale solar installations more strongly than residential installations in what is the first solar cost increase in at least seven years. Data from the study shows turnkey prices for solar installations are currently at levels last seen in 2016. The data […]