On track to hit $1 per watt installed solar
What Tech Is Next for the Solar Industry?
Solar manufacturers are eager to implement several new technologies that could make solar power cheaper and the panels easier to make.
Solar manufacturers are eager to implement several new technologies that could make solar power cheaper and the panels easier to make.
By Kevin Bullis on June 21, 2013
MIT Technology Review
WHY IT MATTERS: Solar power, for all its recent cost reductions, remains more expensive than fossil fuel power.
Solar panel installations continue to grow quickly, but the solar panel manufacturing industry is in the doldrums because supply far exceeds demand (see “Why We Need More Solar Companies to Fail”). The poor market may be slowing innovation, but advances continue; judging by the mood this week at the IEEE Photovoltaics Specialists Conference in Tampa, Florida, people in the industry remain optimistic about its long-term prospects.
The technology that’s surprised almost everyone is conventional crystalline silicon. A few years ago, silicon solar panels cost $4 per watt, and Martin Green, professor at the University of New South Wales and one of the leading silicon solar panel researchers, declared that they’d never go below $1 a watt. “Now it’s down to something like 50 cents of watt, and there’s talk of hitting 36 cents per watt,” he says.
The U.S. Department of Energy has set a goal of reaching less than $1 a watt — not just for the solar panels, but for complete, installed systems — by 2020 (see “Why Solar Installations Cost More in the U.S. than in Germany”). Green thinks the solar industry will hit that target even sooner than that. If so, that would bring the direct cost of solar power to six cents per kilowatt-hour, which is cheaper than the average cost expected for power from new natural gas power plants. (The total cost of solar power, which includes the cost to utilities to compensate for its intermittency, would be higher, though precisely how much higher will depend on how much solar power is on the grid, and other factors.)
(More here.)
MIT Technology Review
WHY IT MATTERS: Solar power, for all its recent cost reductions, remains more expensive than fossil fuel power.
Solar panel installations continue to grow quickly, but the solar panel manufacturing industry is in the doldrums because supply far exceeds demand (see “Why We Need More Solar Companies to Fail”). The poor market may be slowing innovation, but advances continue; judging by the mood this week at the IEEE Photovoltaics Specialists Conference in Tampa, Florida, people in the industry remain optimistic about its long-term prospects.
The technology that’s surprised almost everyone is conventional crystalline silicon. A few years ago, silicon solar panels cost $4 per watt, and Martin Green, professor at the University of New South Wales and one of the leading silicon solar panel researchers, declared that they’d never go below $1 a watt. “Now it’s down to something like 50 cents of watt, and there’s talk of hitting 36 cents per watt,” he says.
The U.S. Department of Energy has set a goal of reaching less than $1 a watt — not just for the solar panels, but for complete, installed systems — by 2020 (see “Why Solar Installations Cost More in the U.S. than in Germany”). Green thinks the solar industry will hit that target even sooner than that. If so, that would bring the direct cost of solar power to six cents per kilowatt-hour, which is cheaper than the average cost expected for power from new natural gas power plants. (The total cost of solar power, which includes the cost to utilities to compensate for its intermittency, would be higher, though precisely how much higher will depend on how much solar power is on the grid, and other factors.)
(More here.)
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