Subscribe free to our newsletters via your
. Solar Energy News .




SOLAR DAILY
U.S. solar costs down, but so too are incentives
by Daniel J. Graeber
Berkeley, Calif. (UPI) Aug 13, 2015


disclaimer: image is for illustration purposes only

While the cost of installing solar power in the United States has dropped, a federal report finds savings are offset in part by a decline in incentives.

The U.S. government is supporting solar development through its SunShot initiative, which aims to make the renewable technology competitive. The program aims to move solar power capacity from less than 1 percent of the national electricity supply to 14 percent by 2030.

In February, energy consultant group Wood Mackenzie found solar power has evolved from a niche renewable sector to something that's pressuring conventional business models in the utility industry.

The Lawrence Berkeley National Lab surveyed about 80 percent of all U.S. residential and non-residential photovoltaic systems installed through 2014 and found national median installed prices declined 9 percent year-on-year for residential systems, 10 percent for small-scale non-residential systems and 21 percent for larger non-residential systems.

"Preliminary data for the first half of 2015 indicate that installed price declines have persisted into 2015 and are on pace to match those witnessed in recent years," the report found.

The report found some of the savings comes from so-called soft cost reductions, which include things like installation labor and marketing.

The decline in the price of installing solar power, however, has been offset partially by a drop in incentives. The national lab's report found rebates and performance-based incentives provided through state governments and utility companies have dropped off "substantially" from 10 years ago.

While factors depend largely on the particulars, the report finds the decline in incentives equates to at least 70 percent of the corresponding decline in what it costs to have solar power installed.

"This trend is partly a response to installed price declines and the emergence of other forms of incentives, but it has also been a deliberate strategy by program administrators to provide a long-term signal to the industry to reduce costs, and is likely among the many drivers for recent declines in solar soft costs," the report found.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SOLAR DAILY
SkyPower wins 200 MW PV project in Telangana, India
New Delhi, India (SPX) Aug 07, 2015
SkyPower is pleased to announce that it has been awarded 200 MW in the Telangana, India solar competitive tender process. The State of Telangana, under the leadership of Chief Minister Rao, has proven to be one of the most advanced jurisdictions in India to embrace solar energy and is forward thinking in its efforts to rapidly adopt solar as a means to help grow its economy and provide families ... read more


SOLAR DAILY
Turning cow poo into power is profitable for US farm

Motile and cellulose degrading bacteria used for solid state cellulose hydrolysis

Keeping algae from stressing out

Pulse electric field enhances biogas yield in anaerobic digestion

SOLAR DAILY
IBM acquires medical imaging firm to help Watson 'see'

Giving robots a more nimble grasp

Object recognition for robots

Brain-controlled prosthesis nearly as good as one-finger typing

SOLAR DAILY
Impax Asset Management: fund sells French wind farm

Prysmian secures contract for offshore wind farm inter-array cables

U.S. claims No. 2 position in global wind power

Study finds price of wind energy in US at an all-time low

SOLAR DAILY
China auto sales decline in July: industry group

Drivers challenge Uber business model in California

Tesla courts hackers to defend high-tech cars

Tesla loss widens as it gears for expansion

SOLAR DAILY
'Yolks' and 'shells' improve rechargeable batteries

Better together: Graphene-nanotube hybrid switches

New Zealand marks end to coal power

A zero-emission route to clean middle-distillate fuels from coal

SOLAR DAILY
What is the importance of nuclear power in Japan?

Japan ends nuclear shutdown sparked by Fukushima crisis

Russian, Egyptian companies prepare contracts for NPP Project

A small, modular, efficient fusion plant

SOLAR DAILY
Researchers Developing System to Lower Community Energy Usage

New Zealand puts bets on diverse energy mix

Germany's RWE changing the way it does business

Qualified praise for Obama's clean power plan

SOLAR DAILY
Can cloud forests survive climate change?

NASA Goddard Technology Helps Fight Forest Pests

Agrarian settlements drive severe tropical deforestation across the Amazon

Myanmar amnesty frees Chinese loggers, political prisoners




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.