Average utility-scale solar price-per-watt falls below $1 for first time

The latest U.S. Solar Market Insight Report showed utility-scale solar systems “priced at an average of $.99 to $1.08/watt, a first in the industry,” UtilityDive reports. According to the report from GTM Research and the Solar Energy Industries Association (SEIA), “solar was the second largest source of new generating capacity additions brought on-line in the first quarter of the year, totaling 30%.” For the sixth consecutive quarter, more than 2 GW of solar was installed, with more than 1 GW of utility-scale capacity. SEIA’s president and CEO Abigail Ross Harper said, “[t]he solar market clearly remains on a strong upward trajectory . . . adding jobs 17 times faster than the U.S. economy and creating tens of billions of dollars in investment.” For more, read the full article

Renewable Energy, Solar