Solar PV Pricing Continues to Fall During a Record Breaking 2014

According to the latest U.S. Solar Market Insight Report, released this week, solar PV system installation prices dropped between 9 and 12 percent in 2014, depending on market segment.

Residential

The U.S. residential solar market experienced its best year ever, seeing more than a gigawatt of PV installed in 2014. The rapid growth of the market has certainly contributed to declining system prices.

Given the smaller system size, home installations are more costly than commercial or utility installations. However, by the end of 2014, residential rooftop PV system installed prices averaged $3.48 per watt, down from $3.83 cents per watt in …read more

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