As solar panel manufacturers try to harvest more of the sun’s energy for less, they face increasingly diminishing returns. At roughly $1 per watt, the cost of solar modules now represents less than a third of the total cost of commercial solar installations. To cut the total cost of solar power—currently $3.00 to $3.50 per watt—bigger gains will have to come from improvements in the power electronics, wiring, and mounting systems required for solar installations.
