Connect with us Donate. This follows a record 7. The solar array is expected to produce 6. These long-term purchase agreements capture the cost of installing, operating, and maintaining utility-scale solar projects, as well as the impact of tax credits. Falling utility-scale PV costs are also driving utilities to invest directly in more solar projects.
As a starting point, the chart below shows the decline in solar photovoltaic module cost and the annual installations from to
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The five-year extension may now cause other projects to be delayed. Connect with us Donate. The falling costs of solar, coupled with the recently extended Investment Tax Credit ITCare driving massive amounts of new investment is solar. Prices for commercial non-utility scale and residential installations are not as competitive as utility-scale projects but have also seen significant declines in installed prices. More than 10 GWdc of utility PV is slated to come on line this year. As the Sunshot studies indicate, cost parity on an unsubsidized basis is achievable by the end of the decade.