Continued price reductions along with new residential financing options and owner financing business models will continue to drive healthy growth rates in distributed solar PV as governments scale back incentives, according to a Pike Research report.
Leading venture capital firms are pumping an additional $55 million to fund the Colorado-based thin-film CIGS solar PV manufacturer’s expansion plans despite all the turmoil roiling the global solar energy market and industry.
Solar PV power installations on university and college campuses have surged 450% over the last three years while average cost per Watt has fallen 35% since 2009, according to the Association for the Advancement of Sustainability in Higher Education, which has just released a new version of its US campus solar installations database.
The average cost of installing solar power in the US dropped a record amount in the past 18 months, spurring growth in demand and jobs, as a mix of private industry initiative, government support, and public-private collaboration fostered industry and market development.
