Solar Electricity Just Keeps Getting Cheaper and Cheaper

1 CommentBy

Dave Gralnik

 

 

Posted By: Dave Gralnik

Energy and Sustainability Services

 

In 1977, the average cost of solar panels was about $77/watt .

Today, the cost is a little over $.60/watt.

Utilities, commercial buildings and even home-owners are responding as you might expect … solar installations are booming.

In fact, for the first time ever, more new renewable electric generating capacity is being added to the world’s power grid (dominantly solar) than capacity from fossil fuels.  At a recent New Energy Finance Summit, Bloomberg reported that in 2013 the world added 143 gigawatts of renewable electricity capacity, compared with 141 gigawatts in new plants that burn fossil fuels.

The good news is that all trends indicate the price of solar panels will just keep falling.  Manufacturing processes and economies of scale are pushing solar power costs ever downward.

With incentives and long-term purchasing arrangements, in some places solar power is actually cheaper than conventional electricity.

The solar power “tipping point” has arrived.

One thought on “Solar Electricity Just Keeps Getting Cheaper and Cheaper

  1. Tim Adamson

    I agree with your comments. I wanted to point out that in Ontario, where we operate, the Ontario Feed In Tariff (FIT) government priced solar program is still operational and that we can provide a roof top solar PV installation service at no cost to your clients up to a 500 kW size (80,000 sq.ft roof space) at a price guaranteed for a 20 year contract period. We believe this program will end in 2 years.

    Can we talk about this potential opportunity for your customers…..

    Kind regards, Tim Adamson

    Reply

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