In accordance with this specific survey conducted on global prices, for the last ten to fifteen years that had passed, there has been a reduction on the prices of solar energy of around four percent each year. What has been the underlying drivers of the decrease in the prices are the economies of scale in manufacturing and there also has a continuing increase in the conversion efficiency of these cells used. For the past couple of years, the surveys made by this group on global pricing has been clear in indicating the prices have a constant reduction.
There is a well defined analysis of the market worldwide for these photovoltaic cells, based upon the reports made in two thousand and nine by the leading industry. A system of hawaii solar energy to be used will take around eight to ten in amount of money for every watt consumed in the year two thousand and nine. The costs for the installation can reach up to three to four in amount for every watt or even point ten to point twelve for every kwh consumed, if there are some existing incentives provided by the government along with the low costs secured with the number of panels purchased. If there are no programs or forms of incentives, the costs for the solar energy will reach to around point twenty two to point forty in amount for every kilowatt hour consumed.
This particular form of technology that focuses on solar power is the other solar system utilized for stations that have larger powers. Such system is a huge array of lenses which are concentrated on producing heat or directing heat to these solar panels. Such systems are created with a cost of only two to four in amount of money for every watt consumed. There are others that provide an estimation that such solar panels are capable of producing twenty five percent of the nation’s need for energy in the year two thousand and fifty. An expected thing to happen is that reaching to around point six to point seven in amount of money for every kilowatt hour consumed will be the cost of these solar power systems.
What has been rapidly growing in this two specific countries is the industry in hawaii solar systems and what had been tracking more than five thousand projects which are new that are developing until the year two thousand fifteen is this particular group. Although the industry is up for the rapid growth despite the outcome of the project all projects named will not be made possible since the technology, finances, permits and more are needed to be settled first .by