mounting solutions

BOS costs will play an important role in future solar installations

future solar installations

There has been prolific growth in the adoption of solar PV technology worldwide in the last few years and the trend is set to continue in the future. Solar power is increasingly competing with conventional energy sources, with many countries around the world attaining grid parity, which essentially means levelized cost of electricity (LOCE) from solar PV is less than or equal to the price of power from the electricity grid. This growth can be mainly attributed to significant cost reductions in the segment, including a reduction in the cost of solar photovoltaic (PV) modules. With constantly falling price of solar…