PHOTON Consulting Releases The True Cost of Solar Power: Race to $1/W.

BOSTON--(BUSINESS WIRE)--PHOTON Consulting, a leading independent solar energy research firm and consultancy announced the release of The True Cost of Solar Power: Race to $1/W. The report shows solar energy companies are cutting costs at a pace that will soon make solar power competitive with grid electricity in several major global markets.

The True Cost of Solar Power: Race to $1/W combines PHOTON Consulting’s in-depth analysis of the solar sector with detailed solar energy cost forecasts to show an industry racing to deliver $1/W solar modules that cost $1/W to install. The companies that win this race, according to PHOTON Consulting, will be able to provide large amounts of clean, competitively-priced electricity.

"By 2012, companies not able to achieve $1/W through the module level, $2/W through the system level and $0.10/kWh to $.20/kWh for electricity are significantly at risk, because other companies will get there,” stated PHOTON Consulting’s Managing Director, Michael Rogol.

PHOTON Consulting will be discussing cost highlights from this report at PHOTON’s 7th Silicon Conference in Munich, Germany on Tuesday March 3rd, 2009. Purchase the report now for PHOTON Consulting’s roadmap for the exciting evolution of solar energy costs.