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 | Oct 7, 2019
Tailgating remains a critical building security threat, say security professionals
Few buildings provide beefed up provisions to counteract threat.
Codes and Standards | Oct 7, 2019
New seismic standard to evaluate, retrofit existing structural steel buildings open for review
AISC seeks input through Nov. 4.
Codes and Standards | Sep 27, 2019
Open source tool allows comparison of embodied carbon emissions from construction materials
Enables carbon-smart choices during material specification and procurement.
Codes and Standards | Sep 27, 2019
AIA declaration: Climate change requires ‘holistic approach’
Must address interdependencies among people, buildings, infrastructure, and the environment.
Codes and Standards | Sep 26, 2019
San Jose’s new building energy code is the most stringent among large cities
New regulations aim to make zero-emission electric buildings the norm.
Codes and Standards | Sep 26, 2019
Building support for climate action depends on linking it to health, economic benefits
USGBC report finds most people don’t think environmental problems significant enough to prioritize action.
Codes and Standards | Sep 20, 2019
OSHA has a new chief for its construction directorate
Former Army medical staffer Scott Ketcham has extensive OSHA experience.
Codes and Standards | Sep 20, 2019
American Wood Council updates free Connection Calculator
Tool includes cross-laminated timber connection provisions and post-frame ring shank nails.
Codes and Standards | Sep 19, 2019
Virtual reconnaissance of Bahamas finds some structures performed well during Dorian
Amid devastation, lives likely saved by resilient buildings.
Codes and Standards | Sep 19, 2019
Obama-era Waters of the U.S. rule revoked
New rule expected to define protected waterways more narrowly.