New Berkeley Lab Report Shows That the Installed Cost of Solar Photovoltaic Systems in the U.S. Fell in 2008
Posted by Allan on October 21st, 2009Researchers at the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) released a new study on the installed costs of solar photovoltaic (PV) power systems in the U.S., showing that the average cost of these systems declined by more than 30 percent from 1998 to 2008. Within the last year of this period, costs fell by more than 4 percent.
The number of solar PV systems in the U.S. has been growing at a rapid rate in recent years, as governments at the national, state, and local levels have offered various incentives to expand the solar market. With this growth comes a greater need to track and understand trends in the installed cost of PV.
“A goal of government incentive programs is to help drive the cost of PV systems lower. One purpose of this study is to provide reliable information about the costs of installed systems over time,” says report co-author Ryan Wiser.
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