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Solar PV Will Be Cheapest Form Of Power Within A Decade

The days of cheap solar are near! Have you installed solar? What savings have you seen?

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Wednesday, February 25, 2015
Giles Parkinson
Clean Technica
Cost of electricity from new solar plants in Central and Southern Europe
Cost of electricity from new solar plants in Central and Southern Europe

A major new study from a leading German think tank and renewable energy specialist says the cost reduction potential of large scale solar is still misunderstood, and predicts that solar PV will be the cheapest form of power within a decade, and cost less than $US0.02/kWh by 2050. The study by the Berlin-based Agora Energiewende says that the end to cost reductions from solar plants is “not in sight”, even after falling more than 80 per cent in recent years.

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