22 Sep '11, 7pm

Solar PV Getting More Affordable

Solar PV Getting More Affordable

The value proposition of solar energy is driving great opportunities for homeowners looking to invest in sustainable power production. In fact, the average installed cost of a solar PV system completed in 2010 fell by 17% from the prior year, and the cost has also dropped an additional 11% so far in 2011, according to the Lawrence Berkeley National Laboratory . In “Tracking the Sun IV: An Historical Summary of the Installed Cost of Photovoltaics in the United States from 1998 to 2010, ” LBNL authors Galen Barbose, Naïm Darghouth, and Ryan Wiser detail trends they’ve uncovered by researching 78% of all grid-connected PV capacity installed in the United States. That’s 115,000 PV systems installed between 1998 and 2010. They found that a residential PV system has a lower installed cost when placed on a new home, as compared to a retrofit or existing home. The average cost of ...

Full article: http://www.jetsongreen.com/2011/09/installed-cost-solar-p...

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