31 Jan '14, 5pm

Rooftop Solar Will Soon Be Cheaper Than Coal in the EU

Rooftop Solar Will Soon Be Cheaper Than Coal in the EU

A new study suggests that wind and solar plants are already competing economically with fossil fuel in Europe. Soon, even household rooftop solar PV systems will generate electricity more cheaply than coal. The study from Germany’s Fraunhofer Institute for Solar Energy Systems says the cost of rooftop solar in the southern parts of Germany is already as cheap as €0.08 per kilowatt-hour. Even in northern Germany, where there is little sun, solar can be generated at €0.14 kilowatt-hour, half the cost of grid-based electricity. By 2030, the study says, the levelized cost of energy (LCOE) from rooftop solar PV will have fallen to around €0.06 per kilowatt-hour. In sunnier regions, such as Australia, the Middle East, southern Europe and the western U.S., not to mention Africa and Latin America, the cost of solar will be lower still, at around €0.043 per kilowatt-hour. The study...

Full article: http://www.greentechmedia.com/articles/read/Rooftop-Solar...

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