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Reducing solar panel costs isn't enough.
REC also expects panel costs to fall by 30%to40%0% by 2012.
But technology marches forward and PV panel costs have come way down.
Mr. Brooks states correctly that solar panel costs fell 75 percent in four years.
Moreover, the price of silicon - which can be 70% of panel costs - is also likely to fall as new production comes onstream.
Since 2008 global deployment of renewable technologies – led by Europe – has seen solar panel costs fall by 80% and wind turbine costs fall by 29%.
Similar(37)
One of the priorities for Mr. Mazumder's research team is to keep manufacturing costs below 5 percent of the total panel cost.
Unless it is, there will be little point in saying that someone in sub-Saharan Africa can get all the power he or she needs via a solar panel costing as little as $200.
A 6-kilowatt panel, costing $60,000, can produce enough juice for a three-bedroom home.
It is evident from the table that to reduce the cost of solar pump, the panel cost must be reduced.
Increase production efficiency, and panel cost will lower — this is mostly straightforward, but of course, takes some time.
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