NREL: Soft costs make up majority of solar energy project costs

Costs associated with supply chain, labor, and permits comprised 64 percent of the price of residential solar systems in the first half of 2012, while they took up between 50 percent to 52 percent of commercial solar systems, according to a report from the National Renewable Energy Laboratory.

December 12, 2013

Costs associated with supply chain, labor, and permits take up a major part of the price tag of residential and commercial solar energy projects, according to a report from the National Renewable Energy Laboratory (NREL). These soft costs comprised 64 percent of the price of residential solar systems in the first half of 2012, while they took up between 50 percent to 52 percent of commercial solar systems. NREL also says that third-party financing market share is growing, which could reduce solar energy costs in the future.

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