2015 was a record year for solar installations in the United States, bringing the total installed PV capacity to 28 GW. Despite this massive added volume, solar installation costs still vary greatly. For investors and PV owners, this bears weighty implications.
These findings were borne together between Mercatus and IHS, a leading information technology research firm. With real, aggregated data from Mercatus Energy Lifecycle Investment Management (ILM) software, IHS analysts have detailed anticipated capital expenditures as well as operation and management costs for planned PV systems throughout the last three years.
Looking into the future, the report also forecasts the impact of the ITC extension, with a strengthened US market outlook.