Summary of the Half-Year Work of Solar Energy Engineering Department

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4 Frequently Asked Questions about “Summary of the Half-Year Work of Solar Energy Engineering Department”

How has PV capacity changed over the past half-dozen years?

In the past half-dozen years, U.S. PV capacity has expanded from less than 1,000 MW to more than 18,000 MW. Recent growth has been aided in part by a 50%–70% drop in reported PV prices (without federal subsidies) per installed peak watt.

How is the market structure for solar energy changing?

In addition, the market structure for solar energy is changing, particularly at the residential level, with the evolution of new business models, the intro-duction of new fi nancing mechanisms, and impending reductions in federal subsidies.

Is solar generation more expensive than a utility-scale solar system?

If solar generation is valued for its contribution at the system or wholesale level, and assuming that solar penetration causes no net increase in distribution costs (see below), PV generation by residential systems is, on average, about 70% more costly than from utility-scale PV plants.

What are the challenges for solar generation?

We focus in particular on three preeminent challenges for solar generation: reducing the cost of installed solar capacity, ensuring the availability of technologies that can support expansion to very large scale at low cost, and easing the integration of solar genera-tion into existing electric systems.

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