In the US – 2000-2013
- In 2000, the cost was estimated at $10/W and there were 1MW residential and 2MW non-residential installations.
- Rapidly falling prices have made solar more affordable than ever and therefore has caused installations to rapidly increase across the 3 areas of residential, non-residential and utility.
- In 2013 the price was $3/W and there were 792 MW in residential and 1112 MW in non-residential and 2847 MW in utility installations.
- The trend shown in the figure shows a gradual increase in PV installation across the 3 areas of installation as cost decreases and over time.
Image via “Costs of Solar Photovoltaics.” Solar Energy Industries Association (SEIA). Photovoltaic (Solar Electric), n.d. Web. 18 Apr 2015. Retrieved from SEIA
Author: Hannah Goldstein
Editor: Rick Cerretani, Kevin Jackson
Source:
“Costs of Solar Photovoltaics.” Solar Energy Industries Association (SEIA). Photovoltaic (Solar Electric), n.d. Web. 18 Apr 2015. http://www.seia.org/policy/solar-technology/photovoltaic-solar-electric