Economics and Cost Trends

Solar energy price and cost trends, including balance of system costs, and relative competitiveness with other energy sources.

A well-installed solar system should require very little maintenance over its expected 25 plus year lifetime.
A January 2015 study by the Lawrence Berkeley National Laboratory found that homebuyers would be willing to pay an extra $15,000 for a home with an average sized solar array, as
The 30% Investment Tax Credit (ITC) for residential and commercial solar systems will expire on December 31, 2016, after which the ITC credit drops to 10% for commercial systems and is eliminated for residential systems. The federal tax policy is...
The three most recent major tax reform proposals offered in Congress could increase solar system installation prices by as much as 58 percent as compared to the current tax regime.
Government incentives and subsidies, specifically at the federal level, are crucial to bringing any new source of energy to commercialization and allowing it to compete in the marketplace. Historically, the vast majority of government subsidies have gone...
Historically, home appraisers have been reluctant to include solar system values in their home assessments. As solar systems have become more popular, however, there is some evidence that appraisers and buyers have adapted to the changing market and...
The US solar industry is growing so fast that new data collected on the industry is almost out of date as soon as it’s published. The solar industry employs 208,859 American workers, according to the 2015 National Solar Jobs Census completed by The Solar...
GW is working hard to become a leader in solar energy and has created several projects to achieve its goals.
While there have been some technological advances that account for the remarkable 80 percent reduction in photovoltaic (PV) panel prices over the last five years or so, most cost decreases can be attributed to scaling production and learning-by-doing ...