Situation Report

Figure 1. Average estimated annual residential rooftop PV market capacity potential from 2017 – 2030 (Source: NREL)

sepapower.org - by Jeffrey Cook - August 16, 2018

If the solar industry reaches this Department of Energy (DOE) target, it could dramatically alter the energy market and present a future where residential PV becomes a standard, cost-effective home installation, versus a luxury or long-term investment. A recent NREL report — Cost-Reduction Roadmap for Residential Solar Photovoltaics (PV), 2017-2030 — models a set of pathways that the industry could follow to realize this future. The analysis focuses on two key markets for residential PV cost reduction: installing PV at time of roof replacement and installing PV at time of new construction. These two market segments were selected because each offers significant cost reduction opportunities while representing a 30 gigawatt (GW) annual market nationwide (see Figure 1).