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Plunging solar power costs making PVs more compelling for owners, developers

Codes and Standards

Plunging solar power costs making PVs more compelling for owners, developers

Technical and manufacturing advances are driving down prices.


By Peter Fabris, Contributing Editor | January 10, 2017

Pixabay Public Domain

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.

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| Sep 1, 2011

Project Aims to Automate Code Compliance Assessment

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| Sep 1, 2011

EPA Says Additional Lead Paint Cleaning Rules Not Necessary

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| Aug 11, 2010

Best AEC Firms of 2011/12

Later this year, we will launch Best AEC Firms 2012. We’re looking for firms that create truly positive workplaces for their AEC professionals and support staff. Keep an eye on this page for entry information. +

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