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America to pay more for solar panels than the rest of the world

Illustration of a map of the United States comprised of solar panels

Illustration: Annelise Capossela/Axios

Project developers in the U.S. are on track to pay the highest prices for solar modules this year, per a market forecast from Clean Energy Associates.

Why it matters: Higher costs will likely impact the investment dollars flowing into the sector.

What's happening: A U.S. law aimed at China, as well as tariffs in various markets will keep supplies constrained and require U.S. developers to pay a premium. Costs are dropping everywhere else.

By the numbers: Module prices outside the U.S. are set to drop 15%, according to Clean Energy Associates.

  • Prices in the U.S. are set to tick down just 5%.

Catch up fast: President Biden last year signed the Uyghur Forced Labor Prevention Act, which aims to root out the use of such labor in products sent from China to the U.S.

  • The U.S. imports the vast majority of its solar panels. Customs detained about 2 GW of solar modules under the forced labor law last year.
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