Solar Energy Sees Eye-Popping Price Drops in the U.S.

Last Modified: Sun Oct 04 2015 10:57:51 GMT+0530 (India Standard Time)
  • 50%
    Fall in installed project costs than since 2009, according to a report released by Lawrence Berkeley National Laboratory (Berkeley Lab).
  • 29.4%
    average capacity factor of projects completed in 2014, up from 26.3% realized in 2013, confirming newer solar projects generate electricity more efficiently.
  • 5ยข/kWh
    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.