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What's Happening from Environmental Building News
March 1, 2008
PV Prices Rising
A recent report by PV News indicates that the average cost of photovoltaic (PV) installations has risen slightly in the last three years, from $6.93 per watt in 2005 to $7.25 in 2006 and $7.62 in 2007. The escalation in price is a departure from an eight-year trend in which increased demand for PV systems resulted in consistent price reductions (see graph). The report consists of data from California and New Jersey, which together represented over 85% of the U.S. market in 2006 (due to particularly attractive rebates). Although data are not complete, Steven Strong, president of Solar Design Associates in Harvard, Massachusetts, and an expert in building-integrated-PV systems, confirmed the trend. “The industry is under increasing demand,” he told EBN. “Manufacturers are trying to add more production capability but that takes a while to come online.”...
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