Cost of Solar Energy Continues Significant Decline

The average cost of going solar in the U.S. continued to decrease significantly in 2011 and through the first half of 2012, according to a report released today by the Department of Energy's Lawrence Berkeley National Laboratory. Solar advocates noted that these findings are the latest indicator that solar is an important and growing part of America's new energy economy.

"This report shows just how far solar power has come in the U.S., and how much more we can do. Faced with a recession economy, messy election politics and an entrenched electricity marketplace, solar is quietly defying the odds and reinventing our national energy landscape. It's really remarkable," said Adam Browning, Executive Director of the Vote Solar Initiative.

"With solar energy more affordable than ever, more American families and businesses are going solar to meet their electricity and hot water needs," said Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA). "Declining costs have driven record growth over the last four years and we expect the solar market to double in 2012 and double again in 2013. This growth proves that smart federal and state energy policies diversify our energy portfolio and grow our economy. With 5,600 companies employing 119,000 Americans, the U.S. solar industry has become an economic engine for America."

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