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Swanson's law is the observation that the price of solar photovoltaic modules tends to drop 20 percent for every doubling of cumulative shipped volume. At present rates, costs go down 75% about every 10 years. [3]
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
A solar cell, also known as a photovoltaic cell (PV cell), is an electronic device that converts the energy of light directly into electricity by means of the photovoltaic effect. [1] It is a type of photoelectric cell, a device whose electrical characteristics (such as current , voltage , or resistance ) vary when it is exposed to light.
Solar power, also known as solar electricity, is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Solar panels use the photovoltaic effect to convert light into an electric current. [2]
updated chart, added ASP for 2015, changed from $0.36 to $0.30: 20:06, 26 June 2014 ... Description= Price history of c-Si photovoltaic cells, in $ per watt, since1977.
Module and cell prices declined even further after 2014 (see price quotes in table). This price trend was seen as evidence supporting Swanson's law (an observation similar to the famous Moore's Law) that states that the per-watt cost of solar cells and panels fall by 20 percent for every doubling of cumulative photovoltaic production. [44]
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