Here’s a roundup of key findings from this year’s Utility-Scale Solar report.
1. The cost of installation has decreased by more than 50 percent since 2009.
2. Efficiency of new solar technology has increased from an average capacity factor of 24.5 percent in projects completed in 2011 to 29.4 percent in projects completed in 2014.
3. The new low average price of 5 cents per kWh has made solar power a competitive option in states outside of the Southwest, where solar power is most widely used. Notably, Southeastern states Arkansas and Alabama are seeing more solar development than ever before.
The quest for personal energy independence is getting better with time.
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