Solar Panel Price History Graph

Pvinsights shows the average.

Solar panel price history graph.

National data september 2020. Changes in solar panel cost over time can be explained by swanson s law which states that the price of solar pv modules decreases by about 20 percent for every doubling in global solar capacity the law is named after richard swanson founder of high. The graph from bloomberg bnef shows the stark difference in pricing between 1977 and today. 13 cost of solar panels cost of solar power charts graphs 1.

10 cost of solar panels cost of solar power charts 1. The average cost of solar panels has gone from 76 67 watt in 1977 to just 0 698 watt today the second figure is according to pvinsights and is even lower than the 2013 projected price in the chart below. In the chart above you can see why solar has grown so quickly in the us since 2010. Average solar panel cost.

Bloomberg new energy finance bnef. That s right 0 64 per watt. How about in 2013 the last year shown above. People get very excited by the beautiful crash in solar module prices but the market place lives and dies by the install price.

The average cost of solar cells has gone from 76 67 watt in 1977 to just 0 74 watt in 2013. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. The price decreases over the past ten years are a major reason why homeowners are increasingly interested in installing solar panels.