And they know compound annual growth, even at a low 22% rate,
is going to cause them a heap of trouble.
More from the
Edison Electric Institute January 2013 report,
Disruptive Challenges: Financial Implications and Strategic Responses to a Changing Retail Electric Business (rehosted on the LAKE web server, since it disappered from the EEI server),
The decline in the price of PV panels from $3.80/watt in 2008 to
$0.86/watt in mid-20121. While some will
question the sustainability of cost-curve trends experienced, it
is expected that PV panel costs will not increase (or not increase
meaningfully) even as the current supply glut is resolved. As a result,
the all-in cost of PV solar installation approximates $5/watt, with
expectations of the cost declining further as scale is realized;
Sure, costs won’t continue to drop forever, but Continue reading →