In an article for bloomberg news noah smith highlights a study by mit researchers that examines the factors influencing the decline in solar prices.
Solar power price drop.
Today it s around 0 13 per watt or about 600 times less.
The source of energy enters a new era solar has seen a dramatic drop in price.
Analysts predict that prices could fall below 0 20 per watt by 2040.
Research from mit shows that over the past 40 years the price of photovoltaic modules have dropped by.
Here are tesla s new prices for the bigger solar rooftop panel systems.
The cost has generally been following swanson s law which states that the price of solar drops by 20 for every doubling of shipped product.
Back in 1977 the price of solar photovoltaic cells was 77 for just one watt of power.
Medium 8 16kw system got a 400 price increase to 16 400 before incentives large 12 24kw system got a 1 100 price.