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Why are solar photovoltaic (PV) prices higher than other technologies?

April 26, 2017photovoltaic prices PV solar technologies

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Why are solar photovoltaic (PV) prices higher than other technologies?

1 Answer

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FIT Program prices are designed to allow a renewable energy project developer to recover the cost of purchasing, building and maintaining the projects and to earn a reasonable rate of return on investment over the contract period. Prices account for capital costs (e.g., purchasing, building, acquiring land, etc.), operating and maintenance costs, connection costs and a reasonable rate of return.