US solar power costs fall 60% in just 18 months
20. SEPTEMBER 2013 | GLOBAL PV MARKETS, INDUSTRY & SUPPLIERS, MARKETS & TRENDS | BY: IAN CLOVER
The cost of solar power in the U.S. is now 60% cheaper than it was in early 2011, according to a joint report by the U.S. Solar Energy Industries Association (SEIA) and GTM Research.
The cost of solar installations in the U.S. has fallen by a much as 60% since the first quarter of 2011, according to the SEIA.
The latest quarterly report from SEIA and GTM Research has revealed that solar panel costs in the second quarter of 2013 were down by 60% on the first quarter of 2011.
Overall, solar PV system prices have fallen by an average of 40% during that same period, and by as much as 50% when compared to 2010 prices, according to the report.