User:Dc211/Solar power

Current installation prices
In 2021 in the US, residential solar cost from 2 to 4 dollars/watt (but solar shingles cost much more) and utility solar costs were around $1/watt.

Expenses of high power band solar modules has greatly decreased over time. Beginning in 1982, the cost per kW was approximately 27,000 American dollars, and in 2006 the cost dropped to approximately 4,000 American dollars per kW. The PV system in 1992 cost approximately 16,000 American dollars per kW and it dropped to approximately 6,000 American dollars per kW in 2008.

Political issues
Majority of the PV panels is manufactured in China using silicon sourced from one particular region of Xinjiang, which raises concerns about human rights violations (Xinjang internment camps) as well as supply chain dependency.

In the United States, performance based incentives are being used instead of upfront incentives to increase the confidence and results of the use of solar power, but in Germany there is a reduction of the FIT (feed in tariff) levels, which has caused a decrease the money spent towards solar energy.

FIT is a policy that helped encourage faster development and use of solar energy, making Germany and Italy the leaders in the current solar energy market. FIT that encourages the faster development and use of solar energy, it does not currently subsidize up front costs.

Forecasts
Actual annual deployments of solar PV vs predictions by the IEA for the period 2002–2016. Predictions have largely and consistently underestimated actual growth. Most new renewable capacity between 2021 and 2026 is forecast to be solar. Utility scale is forecast to become the largest capacity in all regions except sub-Saharan Africa.

According to a 2021 study global electricity generation potential of rooftop solar panels is estimated at 27 PWh per year at cost ranging from $40 (Asia) to $240 per MWh (US, Europe). Its practical realization will however depend on the availability and cost of scalable electricity storage solutions.

A forecast done by EPIA / Greenpeace, shows that in the future, the most enterprising outlook for the increased use of solar technology depends on existing market support continuing to rise and grow, and the encouragement of the addition of other market support mechanisms towards the growth of solar PV. This positive outlook could take the capacity of solar PV to 1845 GW by 2030. If less political support exists in the future, the outlook would still be near 1000 GW by 2030. Another joint study done by Greenpeace International and the European Renewable Energy Council, estimates that by 2050 solar PV growth could hit 2033 GW.