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  • Costs of Solar Photovoltaic Panels Substantially Eclipse Benefits

    02/21/2008 11:00:25 AM PST · by Ben Mugged · 128 replies · 595+ views
    News Wise ^ | 20-Feb-2008 | Unattributed
    Despite increasing popular support for solar photovoltaic panels in the United States, their costs far outweigh the benefits, according to a new analysis by Severin Borenstein, a professor at the University of California, Berkeley's Haas School of Business and director of the UC Energy Institute. "Solar photovoltaic (PV) is a very exciting technology, but the current technology is not economic," said Borenstein. "We are throwing money away by installing the current solar PV technology, which is a loser." In his January working paper, "The Market Value and Cost of Solar Photovoltaic Electricity Product," Borenstein also found that, even after considering...