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
Resiliency | Feb 16, 2016
Obama establishes federal earthquake risk management standard
The standard requires federal agencies to use earthquake-resistant design provisions in current building codes.
Codes and Standards | Feb 12, 2016
ISO releases national assessment and state-by-state building codes evaluation
Report covers 87% of U.S. population.
Codes and Standards | Feb 12, 2016
Huge fraud case involving alleged engineering impostors uncovered in California
Hundreds of buildings may have to be demolished.
Codes and Standards | Feb 11, 2016
New York governor makes emergency design-build authorization
The declaration was issued in response to Winter Storm Jonas which dumped over 18 inches of snow in parts of the state.
Green | Jan 29, 2016
USGBC names top 10 states for LEED green building
Illinois leads the list for the third straight year.
Codes and Standards | Jan 25, 2016
Dept. of Energy releases decision guides for plug and process loads
Plug and process loads consume about 30% of the primary energy in U.S. commercial buildings today.
Codes and Standards | Jan 22, 2016
ConsensusDocs releases new multi-party IPD agreement and joining agreement
The documents serve as a comprehensive revision of previous IPD agreement
Codes and Standards | Jan 22, 2016
State Savings Calculator analyzes savings associated with energy codes
The calculator breaks down the cost-effectiveness of energy codes on a state-by-state basis.
Codes and Standards | Jan 22, 2016
Metal Roofing Seaming Guide published by Metal Construction Association
The free document is specifically tailored for metal roof installation.
Codes and Standards | Jan 22, 2016
Treasury Dept. will start crackdown on illicit money in luxury real estate
The move is expected to impact high-end condo development.