Austin Energy Enters Into Solar Supply Agreement

The Austin City Council this week approved Austin Energy's first solar supply agreement. In just two years, the cost of solar modules has dropped by almost 50% due to improved manufacturing methods and cheaper silicon. At $1.85 per watt, AE is taking advantage of the exceptionally good rate through a volume purchase of up to 2 MW of American-made solar modules over a three-year period. The total contract cannot exceed $3.7 million.