Posted Sep 21, 2013, 4:44 PM
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BANNED
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Join Date: Jun 2005
Location: lodged against an abutment
Posts: 7,556
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Quote:
US solar power costs fall 60% in just 18 months
20. September 2013 | Global PV markets, Industry & Suppliers, Markets & Trends | By: Ian Clover
The cost of solar power in the U.S. is now 60% cheaper than it was in early 2011, according to a joint report by the U.S. Solar Energy Industries Association (SEIA) and GTM Research.
The latest quarterly report from SEIA and GTM Research has revealed that solar panel costs in the second quarter of 2013 were down by 60% on the first quarter of 2011.
Overall, solar PV system prices have fallen by an average of 40% during that same period, and by as much as 50% when compared to 2010 prices, according to the report.
"Quarter-over-quarter, the national average price declined by 9.3% from $3.36/W to $3.05/W, while dropping 11.1% from $3.43/W one year ago," states the SEIA report. "From Q2 2012 to Q2 2013, residential system prices fell 11.5%… and non-residential system prices fell 14.7%. During the same period, installed costs decreased by 5.4%."
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http://www.pv-magazine.com/news/deta...ths_100012797/
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