11 Dec '12, 7pm

Report: Residential Solar PV Installations Hit All-Time High in Q3 of 2012

Chief among the reasons for the boom in residential solar PV adoption was cost. According to the report, the third quarter of 2012 saw the continuation of a drop in prices for solar power, with average residential system prices falling nearly 25 cents per watt – from $5.45 to $5.21. In comparison with the second quarter of 2012, residential system prices reflected a 4.4 percent drop in price, with installed costs falling by 15.3 percent. The added availability of solar leasing opportunities and innovative third-party ownership models was also said to have had a significant impact on the high rate of residential solar PV adoption. GTM Research solar analyst Andrew Krulewitz said that despite falling costs, paying for rooftop PV installation remains a financially untenable option for many homeowners – a situation that an increasing number financing alternatives and leasing o...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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