Solar Research Study Investigates Rapidly Declining Costs

Solar Research Study Investigates Rapidly Declining Costs
AP Photo/Czarek Sokolowski

MIT researchers studied the steady decrease in solar PV module costs over the last several decades and had their results published in the December 2018 issue of the journal Energy Policy. In their study paper, the authors wrote that of the energy technologies, solar PV has undergone the fastest cost decline. More specifically, they referenced this striking fact, “PV module costs fell by about 20% with every doubling of cumulative capacity since the 1970s.”

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