13 Sep

NREL Report on Reducing Solar PV Soft Costs

In the solar industry, soft costs, otherwise known as non-hardware costs, include inspection, interconnection, labor, customer acquisition, financing, and supply chain costs. According to National Renewable Energy Laboratory’s (NREL) report, soft costs account for more than 50 per cent of total installed residential solar costs and more than 40 per cent of commercial solar costs. While costs of modules and other components continue to drop thus enabling solar to become more widespread, the real cost-reduction potential is on the soft cost side. Read More