30 Sep '15, 5am

New report: Price of solar power in the U.S. has fallen to 5¢/kWh on average; PV PPA prices declined…

Solar energy pricing is at an all-time low, according to a new report released by Lawrence Berkeley National Laboratory (Berkeley Lab). Driven by lower installed costs, improved project performance, and a race to build projects ahead of a reduction in a key federal incentive, utility-scale solar photovoltaic (PV) project developers have been negotiating power sales agreements with utilities at prices averaging just 5 cents/kWh. These prices reflect receipt of the 30% federal investment tax credit (ITC), which is scheduled to decline to 10% after 2016, and would be higher if not for that incentive. By comparison, average wholesale electricity prices across the United States ranged from 3 to 6 cents/kWh in 2014, depending on the region. Key findings from Berkeley Lab’s latest “Utility-Scale Solar” report – which each year draws upon large volumes of empirical data to identif...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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