It’s a good day for renewable resources.

According to a jointly written report of solar photovoltaic systems (PV) pricing trends from the Energy Department’s (DOE) National Renewable Energy Laboratory (NREL) and Lawrence Berkeley National Laboratory (LBNL), prices have dropped by 12 to 19 percent nationwide in 2013.

The report goes on to state that prices are expected to drop an additional 3 to 12 percent in 2014. The variation in percentage is dependent on the system location and market segment.