A recent quarterly report from LevelTen Energy noted an uptick for solar power purchase agreement prices in the United States, with current P25 PPA prices representing a 21% increase year-over-year from 2022 prices. The report attributed this quarter’s 4% increase in solar prices to increases in independent system operators like PJM Interconnection, Southwest Power Pool (SPP), and ISO-New England. Prices in the Texas ERCOT region decreased this quarter, drawing back 4%. Permitting challenges, a lack of construction companies available in the region, and a projected increase to PJM electricity prices over the next 10 to 15 years are driving higher prices. Finally, buyer demand for PPAs remains high due to corporate goals of decarbonization, and the energy transition is here.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







