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Going Solar: hot technology cools energy costs
by Cate Montana
In 1978, John Schaeffer, founder and CEO of Real Goods, sold and installed the first residential photovoltaic power system in the United States. It was an off-the-grid 12 volt, DC (direct current) system that ran at an 8% conversion efficiency and, because of the cost of the system, produced electricity at around $500 per watt.
Today the same single-cell, crystalline silicon based photovoltaic (PV) system, averages between 16-20% efficiency and has dropped to nearly 1/100 th of the price. A 2-kilowatt system that meets nearly all the needs of a very energy efficient home costs around $20,000 installed, or $10 per watt. At the high end, a 5 kilowatt system that completely meets the energy needs of most conventional homes can cost $30,000 to $40,000 installed, or $6 to $8 per watt. These prices are rough estimates and the actual costs depend on the system configuration, types of equipment and other variables. All the same, for the average consumer solar still packs a punch when it comes to sticker price.




