Finally in Sight, $1-A-Watt Solar Milestone Shows Long Road Ahead

GTM Research has forecasted that the cost of constructing large-scale solar power farms will fall below $1 per watt by 2020, marking a significant milestone toward cost-competitive, subsidy-free solar energy. This target aligns with the US Department of Energy’s SunShot Initiative, though there are important considerations to keep in mind as the industry progresses. The development signifies a major step forward, but the journey to widespread adoption still faces challenges ahead.