Installed Cost of Solar Declines

A report just released by the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) indicates that the installed cost of solar photovoltaic (PV) power systems in the United States fell throughout 2010 and continues to fall in the first half of 2011.

According to Berkeley Labs, the average installed cost of residential and commercial PV systems completed in 2010 fell by roughly 17 percent from the year before, and by an additional 11 percent within the first six months of 2011. The report indicates that this reduction in the cost of installed solar is due to two core reasons: (a) a reduction in price of PV modules and (b) decrease in non-module costs…

Read More: Installed Cost of Solar Declines via Clean Energy Experts