30 Sep '16, 12pm

NREL report highlights 20% cost reduction in US utility-scale solar installations

The largest cost declines were modelled in the utility-scale sector, which achieved cost reductions of 20%. Image: First Solar The US Energy Department's National Renewable Energy Laboratory (NREL) has highlighted continued PV system cost reductions in its latest quarterly report, ‘US Solar Photovoltaic System Cost Benchmark Q1 2016’. The NREL study noted that modelled costs to install PV systems continued to decline in the first quarter of 2016 in the US residential, commercial, and utility-scale sectors. Costs declined quarter-on-quarter by 6% for residential system installs and 4% for commercial rooftop systems in the first quarter of 2016, compared with the fourth quarter of 2015. However, the largest cost declines were modelled in the utility-scale sector, which achieved cost reductions of 20%. NREL noted in the study that the significant cost reductions quarter-on-qu...

Full article: http://www.pv-tech.org/news/nrel-report-highlights-20-cos...

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NREL report highlights 20% cost reduction in US utility-scale solar installations

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