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Key Facts & Figures for the Solar Industry

  • The first silicon solar cells cost $286/watt and reached efficiencies of 4.5–6%. By 2012, solar cells cost around $5/watt and reach efficiencies in excess of 20% while maximum efficiencies of research photovoltaics is over 40%.
  • In terms of Carbon offsetting, installing a 5,000 watt solar system is equivalent to planting 171 trees each year for the life of the system ~ 20 – 25 years.
  • In 2013, the solar industry installed over 50% more modules than 2012.

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