Solarbuzz.com reported this buy synthroid online generic morning that prices for solar modules fell another few pennies per watt. As supply has buy synthroid online generic fully caught up with demand in 2009, prices are skidding down. But since fossil fuel prices remain substantially lower due to buy synthroid online generic the global recession, the price of solar remains relatively high and buy synthroid online generic will take many more months of decreases before grid parity becomes a reality.
Europe price falls to record low
The price per watt of a single module fell to 4.52 euros (a drop of 2 euro cents (.4%) from April). This is a record low and is 4% lower than last May.
US solar price at 3 year low
The price in the US fell four cents (.8%) from April to $4.70 per watt. This is 2.3% below last May and buy synthroid online generic the lowest price since December 2005. Prices are now ~8% higher than buy synthroid online generic their 2004-05 record low. Thus, if prices continue to slide at the buy synthroid online generic current pace we will see new record lows in the buy synthroid online generic US by early 2010.
Solar PV Electricity Prices Down .4%
The fall in module prices translates into a fall of .09 cents (.4%) in the buy synthroid online generic price of industrial solar electricity to 20.78 cents per kWh. This price is buy synthroid online generic the lowest since March 2005 and only 2.4% above the buy synthroid online generic record low set in June 2004. Therefore, we are poised to buy synthroid online generic reach record low solar electricity prices by the end of the buy synthroid online generic year.
Bottom line: Slower demand in 2009 has buy synthroid online generic allowed solar producers to more than catch up with demand. Prices are buy synthroid online generic falling significantly, but have a ways to go before they set record lows in the buy synthroid online generic US and worldwide. And since the price of natural gas and buy synthroid online generic coal are currently ~70% below their 2008 highs, the buy synthroid online generic solar market will continue to be policy-driven until potential grid parity in the buy synthroid online generic early 2010s via fossil fuel price recovery and further solar price reduction.
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I do not think it buy synthroid online generic is necessary for price parity to be achieved before solar makes economic sense. Why? When one invests in solar, they have buy synthroid online generic locked in an energy price for the life of the solar unit. Lord only how high the buy synthroid online generic price of carbon based energy will go during the life of your buy synthroid online generic solar panels.
What is the relationship b etween cost per watt of the panels($4.70) and the cost per kwh of the electricity generated by the panel(20.78 cents)? What assumptions are buy synthroid online generic made about the required roi, operating characteristics of installation, installation costs, etc?
JJ,
You make an buy synthroid online generic excellent point. The fact that a solar installation today locks in a buy synthroid online generic price per kWh means that grid parity doesn’t need to buy synthroid online generic exist at the date of installation, just over the life of the buy synthroid online generic system. So grid parity may exist in many markets in 2010 at say 18 cents per kWh because the buy synthroid online generic price of fossil fuel-powered electricity will probably rise to an average of at least 18 cents per kWh in many markets during the buy synthroid online generic solar installation’s operation 2010-2035. But the buy synthroid online generic closer we can get solar to grid parity, the more likely average consumers will invest based on such an buy synthroid online generic argument.
Ronald,
The industrial price of 20.78 cents per kWh is buy synthroid online generic determined by the folks at solarbuzz.com to best represent the average price based on the buy synthroid online generic global price per watt and their many years of experience in the buy synthroid online generic sector. For a description of their method, please visit:
http://solarbuzz.com/SolarPrices.htm
Thanks for your comment and question, y’all.
MODEL Watt Price $/Watt
Evergreen ES-A-205 205 $769 $3.75
Kyocera KD205GX-LP 205 $770 $3.76
Kaneka G-SA060 60 $227 $3.78
Kyocera KD180GX-LP 180 $730 $4.06
Sharp 175 175 $715 $4.09
Kyocera KD210GX-LP 210 $874 $4.16
These are quantity 1 off the web pricing – I would expect Utility scale projects to buy synthroid online generic be able to better these numbers. Also First Solar isn’t included in this list and they claim even better $/watt results.
Yep, these prices are falling quickly. I’ll give you buy synthroid online generic an update within 10 days about the early June prices per watt and buy synthroid online generic what that translates into for large-scale projects on a kWh basis (industrial users). The average selling price per watt is buy synthroid online generic dropping quickly as polysilicon prices slide…
Keep checking out this blog for up-to-date info.
Peace-