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|Title:||HOW COMPETITIVE IS PHOTOVOLTAIC ELECTRICITY|
|Citation:||European Energy Innovation vol. Autumn p. 14-17|
|Publisher:||Prologue Media Ltd|
|Type:||Articles in periodicals and books|
|Abstract:||Over the last decade prices for residential grid-connected PV systems have decreased by 50 to 80% depeding on the local market conditions. Electricity production from residential photovoltaic solar systems has shown that it can be cheaper as residential electricity prices in a growing number of countries, depending on the actual electricity price and the local solar radiation level. The article shows how the financing costs for a PV system and the actual electricity price determine the economics of a unsubsidised PV system.|
|JRC Directorate:||Energy, Transport and Climate|
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