Earlier quoted context omitted.
> solar energy prices plummeting Shopping for solar in California, prices aren't plummeting. With high interest rates, solar no longer makes economic sense. Its more expensive than ever. Many solar installers are facing bankruptcy because the market has collapsed.
People are downvoting this, but from Tesla earnings today "Solar deployments declined on a sequential and YoY basis to 41 MW. Downward pressure on solar demand continued into Q4 as interest rates have remained high." This isn't an opinion, this is a fact. You could also compare the cost of capital between 3% and 10% and derive a cost per kwh.
From 2021 to 2022 solar PV went from ~161,499 GWh to ~202,080 GWh of net generation (~25.1% increase) [1]. Utility scale went from 112,335 GWh to 140,798 GWh (~25.3% increase) [2] and personal/small scale solar PV went from ~49,164 GWh to ~61,282 GWh (~24.6% increase). New solar PV accounts for 11,058 MW of the total 31,692 MW (~34.8%) capacity additions for 2022 [3] and 24,545 MW of the total 51,490 MW (~47.6%) capacity additions that were planned for 2023 [4].
Tesla Solar accounts for ~1/5 of 1% of solar installation capacity, so it is hardly relevant compared to actual solar energy companies.
[1] https://www.eia.gov/electricity/annual/html/epa_03_01_a.html
[2] Utility Scale Solar includes non-PV, Utility Scale PV numbers derived by subtracting Small Scale Solar Photovoltaic from Estimated Total Solar Photovoltaic
[3] https://www.eia.gov/electricity/annual/html/epa_04_06.html
[4] https://www.eia.gov/electricity/annual/html/epa_04_05.html