Only ten days before the U.S. solar industry finds out whether or not it will have to deal with trade remedies imposed by the Trump Administration, the U.S. Department of Energy’s National Renewable Energy Laboratories (NREL) put out a new report showing new low costs for solar in the first quarter of 2017.
U.S. Solar Photovoltaic System Cost Benchmark: Q1 2017 shows PV system prices falling roughly 30 per cent in only one year for utility-scale solar, to an average price of $1.03 per watt-DC for fixed-tilt systems and $1.11 per watt for systems with tracking.
This is a dramatic slide in prices even for an industry that has been greatly successful in reducing prices, and appears to come mostly from the collapse in PV module prices over the same period.
This in turn is largely due to a mismatch between supply and demand in China, which has caused significant pain for module makers, …