Fall in installed project costs than since 2009, according to a report released by Lawrence Berkeley National Laboratory (Berkeley Lab).
average capacity factor of projects completed in 2014, up from 26.3% realized in 2013, confirming newer solar projects generate electricity more efficiently.
solar power purchase agreement prices driven by lower installed costs, improved project performance, and a 30% federal investment tax credit.
3 to 6 cents/kWh
by comparison, average wholesale electricity prices across the United States in 2014, depending on the region.