Solar Panel Price Trend Graph 2017

Solar panels stand at the ivanpah solar electric generating system in the mojave desert near primm nevada u s on monday march 10 2014.

Solar panel price trend graph 2017. Solar as an economic engine. Therefore if the solar panel output is 250 watts that single panel might cost you 187 50. In 2010 solar panels cost about 2 50 per watt but by early 2017 that had fallen to just 0 38 per watt. In 2019 the solar industry generated 18 7 billion of investment in the american economy.

Solar companies can typically get a single solar panel at a price of 0 75 per watt. While in 1977 prices for crystalline silicon cells were about 77 per watt average spot prices in august 2018 were as low as 0 13 per watt or nearly 600 times less than forty years ago. The 392 megawatt california ivanpah plant developed by. As of fall 2019 nearly 250 000 americans work in solar more than double the number in 2012 at more than 10 000 companies in every u s.

The price decreases over the past ten years are a major reason why homeowners are increasingly interested in installing solar panels. The average price per watt dropped drastically for solar cells in the decades leading up to 2017.