publication . Article . 2008

The Market Value and Cost of Solar Photovoltaic Electricity Production

Borenstein, Severin;
Open Access English
  • Published: 14 Jan 2008
  • Publisher: eScholarship, University of California
  • Country: United States
The high cost of power from solar photovoltaic (PV) panels has been a major deterrent to the technology’s market penetration. Proponents have argued, however, that typical analyses overlook many of the benefits of solar PV. Some of those benefits are in the realm of environmental and security externalities, but others occur within the electricity markets. In this paper, I attempt to do a more complete market valuation of solar PV. I incorporate the fact that power from solar PV panels is generated disproportionately at times when electricity is most valuable due to high demand and increased line losses. I find that the degree to which the timing of solar PV prod...
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