In Pictures: Solar and storage growth cut summer wholesale power prices 42% in Texas, 51% in California, SEIA analysis finds

Rooftop solar panels like these helped drive wholesale power prices down 42% in Texas and 51% in California, according to a new SEIA analysis.

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Rapid solar and battery storage growth delivered billions in estimated savings to ratepayers in both states, SEIA found.

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Energy affordability is emerging as a midterm elections issue as solar expansion lowers wholesale electricity costs.

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The analysis credits solar and storage growth with cutting average wholesale prices even as electricity demand rose.

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SEIA estimates the price declines saved $3.55 billion in Texas and $2.5 billion in California.

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Utility-scale solar farms have expanded rapidly across Texas and California in recent years.

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Residential and utility solar alike contributed to the wholesale price declines between summer 2021 and summer 2026.

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Battery storage paired with solar has helped shift cheap midday power to evening hours when demand peaks.

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Pole-mounted solar trackers follow the sun to maximize generation at solar power stations.

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