$2.24/Watt vs $4.44/Watt: Solar in Germany vs Solar in the US
As reported previously, Germany had about 21.6 times more solar power installed per capita at the end of 2011 than the US (301.47 MW per million people versus 13.973 MW per million people). In absolute numbers, Germany had about 5.63 times more solar power installed (24,678 MW versus 4,383 MW). These differences also translate into big differences in solar costs, as the most recent installation cost numbers show.
According to BSW Solar, the average cost of installed solar power per watt peak was €1.776, or $2.24, in Q2 of 2012 (as we noted back in May). By contrast, as the most recent GTM Research and SEIA U.S. Solar Market Insight report finds, the average price per watt for solar in the US was $4.44 in Q1 of 2012. That’s a pretty huge difference. And it’s just a testament of what strong solar policy can do for solar power costs.