Solar panels installed on a roof in an apartment building in San Francisco cost less the first time they were installed than they did in previous years, according to a report published today by the International Data Corporation.
Solar panels installed last year on an apartment in San Franciscans East Bay neighborhood cost less in the first year than they have in the past three years, the report found.
The ICD report found solar panel prices in the United States were around $0.20 per watt, compared with around $7.00 per watt in 2014.
But the average cost per watt dropped from $7 per watt to $6.90 in the year to June 2016, when the solar panel installed on an Apartment Tower in the Mission district cost $10 per watt.
ICD’s report showed that the average installed solar panel cost $0,20 less than in 2014, with a median price of $0 to $0 and a maximum of $1,300.
While the report did not find a trend over time, ICD’s research team estimated that the solar panels installed in the Bay Area cost between $3.40 to $4.80 per watt over the course of the first three years.
In other solar-panel news, SolarCity said it would build solar power plants on land it leases from the California Public Utilities Commission.
The project, called the San Jose Solar Center, is expected to begin operating in the second quarter.