The cost of solar power is decreasing so rapidly, it's actually cheaper than coal, based on some analyses. That shift is a sign of a potential boom in renewable energy. [Read More]
Summary… * Machine-Made
The cost of solar power is declining.
ReutersThe cost of solar power is decreasing so rapidly, it's now cheaper than coal, based on a new analysis.
The cost of producing one megawatt-hour of electricity — a standard way to measure electricity production — is now around $50 for solar power, according to Lazard's math.
The cost of producing one megawatt-hour of electricity from coal, by comparison, is $102 — more than double the cost of solar.
In the US, solar still only provides 2% of the country's total electricity needs, according to the Solar #Energy Industries Association.
Opinion… * Man-Made
Source: Business Insider