Renewables MMI®: California Bill Would Streamline Solar Permitting Costs

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Solar PV array

Californians who want to put solar panels on their roofs could benefit from a state bill headed to the governor’s desk.

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The Legislature on Thursday passed the Solar Permitting Efficiency Act, which promises to streamline the solar permitting process throughout California. Industry officials say that could save each customer $1,000 or more on the cost of installing crystalline silicon photovoltaic solar panels.

The California Solar Energy Industries Assn. said that while the price of solar has dropped since 2006 largely because efficiencies in manufacturing are bringing down the cost of hardware, expenses such as the costs related to permitting have remained stubborn.

This week, Renewables MMI® metals traded sideways, with Chinese cobalt cathodes flattening at CNY 231,000 ($37,533) per metric ton. At CNY 13,900 ($2,258) per metric ton, the week finished with no movement for silicon. Prices for neodymium remained constant, closing the week at CNY 390,000 ($63,367) per metric ton. Chinese steel plate remained essentially flat from the previous week at CNY 3,590 ($583.30) per metric ton.

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Closing at JPY 76,000 ($730.25) per metric ton, Japanese steel plate remained unchanged for the week. At KRW 900,000 ($873.58) per metric ton, the price of Korean steel plate did not change since the previous week. Chinese steel plate traded sideways last week, hovering around CNY 3,590 ($583.30) per metric ton. Following a steady week, prices for US steel plate closed flat at $863.00 per short ton.

For the fifth consecutive day, US grain-oriented electrical steel (GOES) held flat at $2,881 per metric ton.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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