WoodMac: Solar and Storage Prices Falling Faster Than Expected Due to COVID-19

GREEN TECH MEDIA | The fallout from the coronavirus pandemic and the looming threat of recession are expected to drive down pricing for front-of-the-meter solar and storage systems even faster than expected.

Project construction delays and tightening consumer spending will drive down storage and electric vehicle demand, according to Wood Mackenzie. This in turn will cause U.S. front-of-the-meter (FTM) storage system costs to decline more rapidly than previously forecast.

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