{"id":751,"date":"2013-06-06T13:35:45","date_gmt":"2013-06-06T13:35:45","guid":{"rendered":"https:\/\/renooble.com\/blog\/?p=751"},"modified":"2013-06-06T13:35:45","modified_gmt":"2013-06-06T13:35:45","slug":"solars-price-free-falling","status":"publish","type":"post","link":"https:\/\/renooble.com\/blog\/?p=751","title":{"rendered":"Solar photovoltaic price free falling"},"content":{"rendered":"

This picture illustrates the dramatic fall of solar photovoltaic prices in the last 35 years.\u00a0 Around the time when I was born, 34 years ago, a 3kW system for a home would have cost about \u00a379,000.\u00a0 Today the same system costs around \u00a36,000 including inverter, cables and installation.
\n

\"price<\/a>

price of photovoltaic modules in USD\/kW [source: Bloomberg New Energy]<\/p><\/div>The drop in price is so dramatic that it’s hard to imagine.\u00a0 As a comparison consider a car today: a reasonable price would be \u00a310,500. Now if the car industry applied the same cost reduction as the solar photovoltaic industry, a new car would cost \u00a3200 GBP 35 years later*.
\nThis is an amazing feat.\u00a0 The future of these prices is uncertain for the next years since many geo-political factors are at play.\u00a0 The global crisis, the cheaper modules that China is producing, Americans<\/a> and Europeans taxing imports in a potential trade war<\/a>, and many companies going bankrupt<\/a> are some of the obvious factors.\u00a0 Most forecasts predict lower prices for 2013 but the following years are an open question.
\nLearn more:
\n1.\u00a0the science of solar panels<\/a>
\n2. Solar PV ABC’s<\/a>
\n <\/p>\n

\u00a0* using the ration between $45\/W (~1978) to $0.9\/W (~2012)<\/address>\n","protected":false},"excerpt":{"rendered":"

This picture illustrates the dramatic fall of solar photovoltaic prices in the last 35 years.\u00a0 Around the time when I was born, 34 years ago, a 3kW system for a home would have cost about \u00a379,000.\u00a0 Today the same system … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,12,17],"tags":[40,49,103,107,131],"class_list":["post-751","post","type-post","status-publish","format-standard","hentry","category-renewable-energy","category-renooble","category-solar-pv-renewable-energy","tag-cheap","tag-drop","tag-photovoltaic","tag-price","tag-solar-market"],"_links":{"self":[{"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=751"}],"version-history":[{"count":0,"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/751\/revisions"}],"wp:attachment":[{"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renooble.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}