# Solar PV Prices Drop says GTM Research reports Below $1 per Watt by 2020

- Link: https://greenlivingguy.com/2016/06/solar-pv-prices-fall-below-1-per-watt-by-2020-says-gtm-research/
- Published: 2016-06-15T13:09:07-04:00
- Author: greenlivingguy

The U.S. PV prices are dropping. The market is no stranger to solar PV prices declining.
Moreover, the firm GTM Research expects that trend to continue. Driven largely by
reductions in soft costs, pricing for residential, commercial and utility solar 
will fall in price by an additional 30, 25 and 20 percent, respectively.

## **U.S. PV System Pricing $/Wdc (2015 & ****2016)**

This new report breaks down U.S. [residential](https://greenlivingguy.com/2020/05/brookhaven-lab-photovoltaic-consortium-develop-low-cost-high-volume-pv-manufacturing/),
commercial and ground-mount solar PV prices across 11 distinct hard and soft cost
categories. Furthermore, it identifies areas for cost reductions and details how
utility-scale [solar PV](https://greenlivingguy.com/2019/09/20-reasons-why-solar-pv-is-right-for-now/)
prices will meet the SunShot target of $1.00 per watt by 2020.
[⌊Pv prices to drop ⌉](http://i0.wp.com/greenlivingguy.com//srv/htdocs/wp-content/uploads/2016/06/wp-1465086204053.jpeg?w=528)

### **Solar categories tracked and forecasted:**

[⌊chart showing Pv prices dropping ⌉⌊chart showing Pv prices dropping ⌉[

This [GTM report](https://forms.greentechmedia.com/Extranet/95679/forms.aspx?msgid=3ef6c697-86be-4b05-9705-bc9da6fa22d9&LinkID=CH00095679eR00000448AD&Source=footer)
focuses on:
ModuleEBOSLaborPermitting & InterconnectionTaxesOverhead + MarginInverterSBOSDesign&
EngineeringSupply Chain, Logistics & Misc.Origination

#### Who Would Have Thought Solar PV Prices would drop so much?!

Have you ever thought about the power of the sun? Well, it seems like it’s finally
becoming a reality. According to a report by GTM Research prices for systems are
expected to drop below $1 per watt by 2020. Can you imagine that for solar PV Prices?
It’s a major milestone for the solar industry, and it’s an exciting time for renewable
energy.

The report shows that the cost of installing a PV system prices have been dropping
consistently over the years. Thanks to advancements in technology and manufacturing
processes. So prices for producing solar panels have significantly decreased. This
means that homeowners and businesses can now invest in clean energy at a much lower
cost, making it a more viable option for many people.

This news is a game-changer for the PV prices and the solar industry. It means that
solar power will become even more accessible and affordable for everyone. It’s an
exciting time to be alive, witnessing the shift towards a more sustainable future.
With PV prices becoming more competitive, we can expect to see more and more people
adopting clean energy in their homes and businesses.

#### Conclusion

In conclusion, this report by GTM Research is fantastic news for PV prices. Especially
for everyone who cares about the environment and our planet’s future. We are finally
seeing the power of the sun being harnessed at a much lower cost. The solar industry
is booming, and we can expect to see even more advancements in technology and reduced
costs in the coming years. It’s an exciting time to be part of the green revolution!

![author avatar](https://secure.gravatar.com/avatar/df91669667126e1290c21ee0342c386e2da19d588d4d9ca6560bd82ed59a9641?
s=300&d=monsterid&r=g)

 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author,
Radio Host, Reporter, Writer and an Environmental Consultant on green living. The
Green Living Guy writes about green living, green lighting, the green guru guides
and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant
and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric
Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green
Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For 
Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke #
Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power
System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

 [See Full Bio](https://greenlivingguy.com/author/greenlivingguy/) [  ](https://greenlivingguy.com/author/greenlivingguy/)