Photovoltaic Applications And Economics

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Abstract
Chevron recently completed a comprehensive market study on the applications and economics of photovoltaic power systems. In this paper we report on the manufacturing cost goals and performance requirements that we believe must be met to ensure a significant domestic market in the 1990's and beyond. We conclude that a market on the order of $1 billion per year for central station photovoltaic (PV) systems can only result if PV power cost is competitive with the costs of intermediate load power generation. Even more efficient modules, manufactured at lower cost, are required for residential PV application due to the higher associated marketing costs and the fairly immediate benefit homeowners will require from such systems. This will hinder the development of a large, residential market.

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