The installed price of distributed solar photovoltaic (PV) power systems in the United States continues to fall precipitously.
BERKELEY, Calif.—The installed price of distributed solar photovoltaic (PV) power systems in the United States continues to fall precipitously, according to the latest edition of “Tracking the Sun,” an annual PV cost-tracking report produced by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory. Installed prices for residential and small nonresidential systems completed in 2014 were $0.40/W lower, and prices for large nonresidential systems were $0.70/W lower than in the prior year. “This marked the fifth consecutive year of significant price reductions for distributed PV systems in the U.S.,” said Galen Barbose, the report’s lead author.
