Global Solar PV System Pricing Set to Fall 40% by 2020

By Mike Munsell

According to GTM Research’s latest report, PV Balance of Systems 2015: Technology Trends and Markets in the U.S. and Abroad, average global PV system installed costs will fall from $2.16 per watt in 2014 to $1.24 per watt by 2020, a 40 percent decline. Costs will continue to vary

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