Solar energy pricing is at an all-time low, according to a new report released by Lawrence Berkeley National Laboratory (Berkeley Lab). Driven by lower installed costs, improved project performance, and a race to build projects ahead of a reduction in a key federal incentive, utility-scale solar project developers have been negotiating power sales agreements with utilities at prices averaging just 5¢/kWh.
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These
prices reflect receipt of the 30% federal investment tax credit, which is
scheduled to decline to 10% after 2016, and would be higher if not for that
incentive. By comparison, average wholesale electricity prices across the
United States ranged from 3 to 6 cents/kWh in 2014, depending on the region.
