08 Dec '11, 9pm

Solar Panels Are Cheaper Than We've Been Told

Solar Panels Are Cheaper Than We've Been Told

the solar industry delivering ferocious cost reductions , falling as much as 11% in just 6 months , it's little wonder that some predict that solar will be cheaper than coal in the very near future . Fascinatingly though, Joshua Hill over at Cleantechnica reports that even many positive reports about grid parity and solar competitiveness are overrestimating solar's true costs . Many studies are simply ignoring the 70% cost of solar since 2009, for example, and are incorrectly estimating a system's lifespan at 20 years, when the real number is 30 years or more. (Modern panels also lose efficiency much more slowly than older technologies.)

Full article: http://www.treehugger.com/renewable-energy/solar-panels-a...

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