Price Of Solar Declining To Unprecedented Lows

Posted by Megalith 12:00 PM (CDT)

Sunday August 28, 2016

Solar installations are rising while prices have been steadily declining since 2010. The article points out that lower costs are due to factors ranging from less costly inverters to cheaper installation and permitting.

آ…the latest data show that the continued decrease in solar prices is unlikely to slow down anytime soon, with total installed prices dropping by 5 percent for rooftop residential systems, and 12 percent for larger utility-scale solar farms. With solar already achieving record-low prices, the cost decline observed in 2015 indicates that the coming years will likely see utility-scale solar become cost competitive with conventional forms of electricity generation.