According to Inhabitat:

In a recently published report, the US Department of Energy’s National Renewable Energy Laboratories documented that the cost of utility-scale solar, generated from large plants rather than residential rooftops, has decreased by 30 percent within the past year…

Although China has frequently been cited by the US President as a dangerous competitor, the solar renaissance in the United States has been made possible because of the pioneering work in solar energy being done in the People’s Republic. More solar modules are being produced in China than there is demand, which has enabled US importers to purchase this technology at low prices. As a result, the average price per watt is now only $1.03 for fixed-tilt systems and $1.11 for those that move to track the sun’s movement.