24 Nov '14, 3pm

Community Solar Prices at All-Time Low

It’s been widely publicized that the cost of residential solar electric systems in the United States is falling faster than ever before. This downward pricing trend is projected to continue through 2016 and then stabilize, according to a September 2014 report compiled by researchers from the National Renewable Energy Laboratory (NREL) and the Lawrence Berkley National Laboratory. However, residents and business owners who are unable to install solar on their property and are considering buying into a community solar facility won’t get the best deal if they wait too long. Throughout the 15 years prior to 2012, residential photovoltaic (PV) systems declined an average of 6 to 8 percent, the report reveals. Then from 2012 to last year, prices for solar systems under 10 kilowatts (kW) fell by 12 percent or $0.65 per watt. “There is still considerable uncertainty as to how low ...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2014/11...

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