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Swanson's law–stating that solar module prices have dropped about 20% for each doubling of installed capacity—defines the "learning rate" of solar photovoltaics. [1] [2] Swanson's law is the observation that the price of solar photovoltaic modules tends to drop 20 percent for every doubling of cumulative shipped volume. At present rates ...
Solar-cell efficiency is the portion of energy in the form of sunlight that can be converted via photovoltaics into electricity by the solar cell. The efficiency of the solar cells used in a photovoltaic system , in combination with latitude and climate, determines the annual energy output of the system.
Module and cell prices declined even further after 2014 (see price quotes in table). This price trend was seen as evidence supporting Swanson's law (an observation similar to the famous Moore's Law) that states that the per-watt cost of solar cells and panels fall by 20 percent for every doubling of cumulative photovoltaic production. [44]
A solar cell, also known as a photovoltaic cell (PV cell), is an electronic device that converts the energy of light directly into electricity by means of the photovoltaic effect. [1] It is a form of photoelectric cell, a device whose electrical characteristics (such as current , voltage , or resistance ) vary when it is exposed to light.
Solar panels are also known as solar cell panels, solar electric panels, or PV modules. Solar panels are usually arranged in groups called arrays or systems . A photovoltaic system consists of one or more solar panels, an inverter that converts DC electricity to alternating current (AC) electricity, and sometimes other components such as ...
Own work, based on Hanjin's 2013-version (en español), amended with average sales prices for 2014 and 2015. Original source data 1977–2013: Bloomberg, New Energy Finance, 2014: based on average sales price of $0.36/watt on 26 June 2014 from EnergyTrend.com; 2015: based on average sales price of $0.30/W on 29 April 2015 from EnergyTrend.com
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