Full Title: PV Balance of Systems 2015: Technology Trends and Markets in the U.S. and Abroad
Author(s): MJ Shiao
Publisher(s): GTM Research
Publication Date: September 1, 2015
Full Text: Download Resource
Description (excerpt):
PV balance of systems (BOS), encompassing all non-module costs including hardware costs and soft costs consisting of operations and services, represents a market value exceeding $70 billion in 2015 and will exceed $100 billion by 2020 despite rapidly falling costs. In the period between 2007-2014, PV module costs have diminished more quickly than PV BOS costs. Whereas blended average module pricing has dropped 79% between 2007 and 2014, BOS costs have been slower to respond, averaging between a 39% – 64% drop depending on market sector and geography. Even within the same geography, supply chain complexity and disparity results in high variability in project BOS costs. Best practices are seldom shared and the industry has conflicting views on the best path forward when it comes to reducing component and installation costs