We expect the combined share of generation from solar power and wind power to rise from about 18% in 2025 to about 21% in 2027. In our STEO forecast, utility-scale solar is the fastest
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The analysis and cost model results in this presentation (“Data”) are provided by the National Renewable Energy Laboratory (“NREL”), which is operated by the Alliance for Sustainable
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Researchers uncover the factors that have caused photovoltaic module costs to drop by 99 percent. Photos show a solar installation from 1988 (left) and a present-day version. Though the
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The degradation rate is the percentage at which a solar module''s power output declines each year due to natural aging, environmental exposure, material fatigue, and system stresses.
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IRENA reports that, between 2010 and 2023, the global weighted average levelized cost of energy (LCOE) of concentrating solar power (CSP) fell from $0.39/kWh to under $0.12/kWh—a decline of 70%.
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The U.S. solar industry is facing a period of deceleration, according to the latest Solar Market Insight Report Q3 2025, published by the Solar Energy Industries Association in conjunction
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Each quarter, NREL conducts a presentation of technical trends within the solar industry.
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Declines in residential solar markets have been a hit to the industry—but its foundation is strong. We look at why the future is still bright for solar.
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Costs have fallen by around 20% every time the global cumulative capacity doubles. Over four decades, solar power has transformed from one of the most expensive electricity sources to the
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It is therefore important to understand the impact the variability of solar irradiance and weather have on the electricity produced by solar PV plants. This work aims to understand the effect
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