December 13, 2012

How Low Will Photovoltaic Prices Go?

Prices for photovoltaic modules—the part of solar panels that turn sunlight into electricity—are expected to continue falling, in line with the long-term trend that has persisted since 1980, according to Near Zero's survey of experts. On average, global installations per year are not expected to increase much from the record level in 2011, but the total installed solar capacity is expected to soar to 300 gigawatts by 2018, and 600 GW by 2025.