A report released by Duestche Bank predicts a strong drop in US residential home solar power prices over the next several years spurring continued growth of the market. According to the report, module prices (the complete solar panel) may drop by up to 40% in the next several quarters to below $0.40 per watt.
California is currently the nation's largest market for solar power installations; it has great sun, great solar policies, relatively high conventional (non solar) electricity rates, and a vibrant solar installer eco-system. So how does a homeowner start the process of finding the right system and the "best" deal for their particular situation?
Solar Power in America has gained wide acceptance over the last few years as prices have dropped and solar panel installation has greatly increased. Nine out of Ten Americans (89%) support solar power, regardless of political affiliation, according to a new report. Energy costs and environmental concerns rank highest on the list of reasons for such unprecedented support.
National residential home solar power prices continued their drop over the last year by an average of at least 3.3% from the year before. The industry has worked hard to pull costs out of a solar installation as they tackle equipment and soft cost (installation, permitting, marketing) efficiencies, making solar more affordable than ever for many Americans.
The MIT Energy Initiative (MITEI), an interdisciplinary Program of the University set up to tackle the World's most pressing problem of creating a low carbon clean energy infrastructure welcomes GE, the powerhouse industrial group, as a sustaining member into the Program.
Prices for US Residential Home Solar Power systems continued to drop in 2015 and early 2016 preserving the industry trend of steady price reductions. Installed prices, before incentives, for residential solar systems dropped by approximately 5% or $0.20 per watt nationwide, and 7% or $0.30 per watt for "smaller" (under 500KW) non residential or light commercial solar systems.
The White House has launched a program designed to bring clean solar energy into more American households and more income brackets through a simplified, no-money-down financing vehicle based on a homeowner's property tax bill. The goal is to bring 1 gigawatt (GW) online in low to moderate income communities across the country by 2020.
Opening ceremony keynotes speeches from Intersolar 2016 featuring Kevin de Leon of the California Senate, Bernadette del Chiarro of CALSEIA, Lynn Jurich CEO of Sunrun, Ali Zaidi from the OMB and others with a message that solar powered electrcity is mainstream, and more affordable than ever for more Americans. Lynn Jurich, Co-Founder and CEO of SunRun, a residential solar power installation and finance company said to not bet against America.
SunPower Corp announced they have smashed another efficiency barrier with their X series solar panels pumping out 24.1%. Higher efficiency benefits residential home solar power because it generates greater power production from a smaller system footprint on the roof, or wherever space may be at a premium.