News

U.S. solar modules 107% more expensive without global supply chains

PV Magazine · John Fitzgerald Weaver · last updated

Researchers suggest that from 2008 to 2020, the globalization of solar module manufacturing has saved $67 Billion for U.S., German, and Chinese solar installers, even as it was heavily dominated by China’s investments.

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Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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