18 May '12, 7am

Solar Prices Much More Competitive than Typically Thought, New Study Finds

Solar Prices Much More Competitive than Typically Thought, New Study Finds

A new study from Bloomberg New Energy Finance finds that solar power is a much more competitive power option than many think. Basically, the technology has changed so fast that many people just don’t realize it’s such a good option now. From Bloomberg: “Many decision-makers have yet to catch up with the improvements in the economics of solar power from recent reductions in the cost of the technology, a working paper released by the London-based research firm said today.” In the past 3 years, solar power has grown four-fold. With this and also largely because of this, solar panel prices have dropped about 75% in that time. If you happened to check solar prices 4 years ago but not since then, that means you’ve got a pretty warped sense of the price of solar. Solar power is now “competitive with daytime retail prices in at least five major economies,” Bloomberg notes. That in...

Full article: http://cleantechnica.com/2012/05/18/solar-prices-much-mor...

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