04/07/2025
What are the impacts of recent political and economic activity on solar prices?
As we have all seen, read, heard, and probably discussed at many levels, the recent political changes have had a huge negative impact on financial markets worldwide. Prior to the deluge of Jan 20, 2025 executive orders, the projections were suggesting renewable energy laws were strong and well supported, so most markets were not expected to see any big changes. Now just 100 days in, the tides have turned significantly. For any US consumers who have been “waiting for prices to go down”, that ship has sailed.
Between tariffs that have eliminated solar panel entry to the US and domestic manufacturing projects that have all but stopped, supply is all but eliminated (which any elementary economics class will advise), results in significant price increases.
If you have already taken the step of implementing solar and taking control of your economic future, congratulations! Like me, you are saving significant money already and the pace of your savings is increasing dramatically as electricity prices accelerate.
If however, you have been waiting, your window of opportunity is shrinking. Increased prices in the face of unmet demand will certainly continue while electricity rates continue to rise.
If you have a partially installed system and your contractor has gone out of business or stopped responding to you, please reach out so we can help. You are really going to need that system to be operational this year!