Declining costs have been a key part of the drive behind solar adoption, but in 2021 prices jumped as broad economic challenges hit the industry.
Analysts say it could get worse before turning a corner.
Davis said that if the Investment Tax Credit is passed, installed solar capacity will increase six fold by 2032. The ITC is a key solar subsidy that was included in President Joe Biden's Build Back Better plan. . Opinions differ about the next move — some say oil and gas production needs to be ramped up, while others believe high hydrocarbon prices should accelerate the energy transition. Still others say an all-of-the-above stance needs to be taken in terms of energy sources.
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