Grid parity for residential and commercial consumers is in sight in many European countries, according to new research from the PV Parity project consortium.

The group assessed the evolution of system prices, retail electricity prices and cost of financing, as well as the capacity in various countries to self-consume photovoltaic electricity produced. The findings are decisive: Grid parity is imminent in several countries. The smooth transition to full grid parity will be essential to adapt support schemes properly in the coming years, PV Parity adds.

Different parameters affect the achievement of grid parity: Competitiveness in the residential and commercial/industrial segments depends on dynamic parameters, such as the evolution of retail electricity prices, system prices, cost of financing and the rate of self-consumption of electricity of each user.

via SolarIndustryMag.com: PV Parity Project Analyzes Solar Cost Trajectories In Europe.