Supply chain disruptions and rising raw material costs are causing a significant increase in the price of photovoltaic (PV) equipment, according to a report by Wood Mackenzie and the Solar Energy Industries Association. The increase in equipment costs is expected to impact customers in early 2022 if transport issues are not resolved. Home energy prices are also expected to continue increasing at a rate of 3.4% per year through 2022, and financing costs are predicted to rise from their current rate of 1.99% APR starting next year. However, solar power is still a financially viable option as it offers long-term cost savings and can increase the value of a home. It is not too late to take advantage of low equipment and financing costs and secure a good deal on a solar power system. Early adoption of solar power in 2022 will also allow for the generation of credits to offset summer electricity costs. Read the full article by clicking the button below!