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Solar Power Even More Accessible, Price Drops More Than 25% In Just One Year


FUTURISM — The US Department of Energy’s National Renewable Energy Laboratories have published a report stating that the cost of utility-scale solar has fallen 30 percent in the space of a year. The average price per watt-DC is now just $1.03 for fixed-tilt systems, and $1.11 for those which track the Sun’s movement, thus optimizing energy absorption angles.

This information is in line with the recent announcement that the targets set for utility-scale solar pricing by the SunShot initiative had already been met, despite their 2020 deadline. The falling cost of photovoltaic modules is being cited as the reason for these developments.

China — a country well ahead of the curve in solar technology — is responsible for the manufacture of a huge proportion of these modules. More are being produced than there is demand for, which means that importers in the US have been able to buy the hardware cheaply, which is reflected by the low cost of utility-scale solar.

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