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Solar power keeps getting cheaper — But not for the reasons you’d expect

Vox
October 16, 2014

By Brad Plumer

The price of residential solar power in the United States keeps dropping. Back in 2008, the cost of installing a rooftop solar system was about $8 per watt. Today, it’s about half that — and still falling.

Up until 2012, that price decline was largely due to the fact that the photovoltaic panels themselves were getting cheaper, driven by a glut of Chinese manufacturing and various technology improvements. This story got a lot of attention in the press.

But things have changed a lot this past year. Yes, solar modules are still getting cheaper, but the decline is now much more gradual (particularly now that there’s no longer a glut of manufacturing). Instead, as this chart from GTM Research shows, the major innovations nowadays are in “balance of systems” costs — incremental improvements in design, engineering, labor, and financing for rooftop solar systems… Read more

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