Financing, Overhead, and Profit: An In-Depth Discussion of Costs Associated with Third-Party Financing of Residential and Commercial Photovoltaic Systems David Feldman, Barry Friedman, and Robert Margolis National Renewable Energy Laboratory
If you go through the numbers it looks like install materials and labor are .44. And .74 of a total cost of 4.52. That comes yo about 26%. Overall margins appear to be in the 10% range. From experience I can tell you that when you run on tight margins like this every percentage point is big.
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