Seth Masia, editor of SOLAR TODAY provided some useful statistics:
- Solar power is NOW cost-competitive with fossil fuels.
- Spot pricing for silicon modules fell below $1/watt a year ago and will stabilize at 70 cents/watt.
- The Department of Energy's SunShot Program should by 2020 meet the goal of $1/watt INSTALLED! This is for large utility scale systems.
- Residential systems should then fall to around $2/watt.
- Don't count on any further miracle price drops, for the PV cells themselves are now only around 12.5% the total installed cost. The bulk of the expenses are due to labor, construction materials, financing, insurance, etc. These "non-solar" costs will not decrease.
- The U.S. is like a million countries: each state has different regulations and each community adds to the complexity. Buyouts will more and more dominate and standardization can only improve over time.