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Solar Energy Markets by Philip G. Jordan

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9

The Economics of Solar Power

The economic reality of the solar industry has changed dramatically over the last several years, with continued—and previously considered unsustainable—module price declines. These price declines, coupled with carbon pricing, peak power considerations, and renewed global economic growth, have rapidly accelerated most experts’ predictions on when solar will achieve price parity with traditional fossil-fuel sources.

New mechanisms for financing, such as third-party lease programs, continued policy support in the United States, a shift to installations in China, and new power requirements during peak-load periods are all making solar more competitive. For these trends to continue, the cost of energy needs to remain ...

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