Solar power purchase agreement (PPA) prices in North America have downed for the first time since Q1 2020 due to the rise in incorporating benefits of the Inflation Reduction Act (IRA) and a stabilized solar supply chain.
According to PPA services firm LevelTen Energy, the 25th percentile PPA prices in Q2 of 2023 saw a modest decline of 1% compared to Q1 2023, although the prices still increased by 25% year-on-year.
