Solar PV BOS Now Accounts for 68 Percent of Average PV System Pricing, According to New GTM Research Report

BOSTON, Nov. 15, 2012 (GLOBE NEWSWIRE) — Over the course of the past year, the solar PV balance of system (BOS) market has gained considerable attention as the next lever in driving down installed systems costs. Whereas in 2008, 67 percent of an average project’s total cost was in the PV module, today, thanks to an industry sea change, 68 percent of total cost resides in BOS, which includes a variety of structural and electrical components, labor and soft costs.

Given this new world order, the step-function reductions needed to help solar power deliver energy at or below costs of other generation sources will come from BOS technologies and efficiencies over the next four years. As a result, BOS manufacturers around the globe are being squeezed as the market landscape becomes more crowded.

http://globenewswire.com/news-release/2012/11/15/505592/10012794/en/Solar-PV-BOS-Now-Accounts-for-68-Percent-of-Average-PV-System-Pricing-According-to-New-GTM-Research-Report.html

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