The history and future of incentives and the photovoltaic industry and how demand is driven

Authors


Paula Mints, Solar Services Program, Navigant Energy Division, Palo Alto, CA, USA.

E-mail: pmints@navigant.com

Abstract

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This figure shows the trend in average photovoltaic technology prices during a period of significantly high demand growth. Growth in demand during this period was driven by the feed-in tariff incentive model. During this 5-year period, average module prices fell by a compound annual 8%, with demand growing by a compound annual rate of 65%, into gigawatt level. This paper analyzes the industry shift from high incentives to a period of low to no incentives.

Ancillary