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The two operating concentrated solar power plants are the 1 MW Saguaro Solar Power Plant completed in 2005, the first commercial CSP plant of the 3rd millennium, and a 5 MW solar trough system at the University of Arizona Solar Tech Park project which was completed in 2011. [8] The 280 MW Solano Generating Station is under construction.
Companies that install solar panels, such as SolarCity, could face hurdles in trying to make a profit in Arizona. In 2016, Arizona's solar market was around 124-megawatts. The proposed fee structure seems to be on hold until after the November 2016 elections. Three seats on the Arizona Corporation Commission are up for election. [6]
More recently, the cost of solar in Japan has decreased to between ¥13.1/kWh to ¥21.3/kWh (on average, ¥15.3/kWh, or $0.142/kWh). [133] The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply.
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The average total for a residential solar system can cost around $26,250 plus a battery that can add around $15,000, Del Chiaro said.
In February 2011, the U.S. Department of Energy (DOE) launched its SunShot Initiative, a collaborative national effort to cut the total cost of photovoltaic solar energy systems by 75% by 2020. [125] Reaching this goal would make unsubsidized solar energy cost-competitive with other forms of electricity and get grid parity. [126]
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