- June 30, 2014
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Falling module prices have helped to bring down the cost of solar installations, but now balance of system (BOS) components like racking and mounting are key targets of cost reduction, as distributed generation system prices fall by between 15% and 30% by 2020 depending on geography, according to Lux Research. Along with continuing module efficiency improvements, these advances will make the levelized cost of electricity (LCOE) for solar between $0.04/kWh and $0.08/kWh cheaper in 2020 than it is today. Sensus Energy INTELECT electronics already reduces the Solar system costs by 20% now.