Solar Power Price Drop

This represents a massive 9x drop in the price of solar panels since 2006.

Solar power price drop.

Medium 8 16kw system got a 400 price increase to 16 400 before incentives large 12 24kw system got a 1 100 price. The source of energy enters a new era solar has seen a dramatic drop in price. Back in 1977 the price of solar photovoltaic cells was 77 for just one watt of power. Research from mit shows that over the past 40 years the price of photovoltaic modules have dropped by.

He predicts that the price of constructing solar power technology will decrease by 4 4 percent each year meaning that by 2022 the price of projects will have dropped by 27 percent. Today it s around 0 13 per watt or about 600 times less. The cost has generally been following swanson s law which states that the price of solar drops by 20 for every doubling of shipped product. The researchers found that from 1980 to 2001 government funded research and development was the main factor in bringing down costs but from 2001 to 2012 the biggest factor was economies of.