Adding solar power to developments adds points for owners aiming for green certifications.
As the cost of solar continues to plummet, the technology could make a compelling case for building owners from a purely economic perspective. In fact, solar power on a utility scale is now cheaper than coal in some parts of the world. In less than a decade, it is predicted to be the lowest-cost option almost everywhere.
According to an article in Bloomberg News, better technology including the use of diamond-wire saws that more efficiently cut wafers, to better cells that provide more power from the same amount of sun, have improved the financial outlook. In addition, economies of scale and manufacturing experience since the solar boom started over 10 years ago have given the industry an increasing edge in the competition with fossil fuels.
PV prices are expected to continue to fall for the foreseeable future, according to industry observers. In recent months, vendors of mounting systems have also made progress in cutting costs of their products.
Related Stories
Codes and Standards | Jul 27, 2017
Five fire scenarios tested on full-scale mass timber building
Results will help inform code changes.
Codes and Standards | Jul 26, 2017
New ISO standard on video fire detectors will help identify fires more quickly
The standard marks the first comprehensive international specification for this equipment.
Codes and Standards | Jul 25, 2017
Geotechnical solutions prevent building distress due to expansive clay soils
The condition is the most common geologic hazard in the U.S.
Codes and Standards | Jul 24, 2017
Non-union labor gaining ground in New York City
President of contractors’ group says competitive pricing is spurring more open shops.
Codes and Standards | Jul 20, 2017
New tallest tower west of the Mississippi built to stringent seismic standards
L.A.’s new 1,100-foot skyscraper dominates city’s skyline.
Codes and Standards | Jul 20, 2017
Chicago rises to the top of U.S. cities in percentage of LEED or Energy Star office buildings
Certified office buildings reach 66% in windy city.
Codes and Standards | Jul 19, 2017
Economic impacts of climate change will jump over next two decades
Average annual cost to buildings and infrastructure from eastern storms to rise by $7.3 billion.
Codes and Standards | Jul 18, 2017
Energy modeling yields accuracy within 4%, says new study
Results of the study support the usefulness of the practice.
Codes and Standards | Jul 13, 2017
Net Zero Energy rebranded as ‘Zero Energy’
ILF aims to make new certification the sole standard for highest performing buildings.
Codes and Standards | Jul 13, 2017
New York City creates $10 million fund to help women- and minority-owned firms win construction contracts
The money is earmarked for up to $500,000 surety bonds per contract.
