Solar power heading towards cost parity with fossil fuels
The Equity Kicker
OCTOBER 15, 2013
'The declining cost of solar power is one of the biggest reasons that the folks at Singularity University are optimistic about the future. You can see from the chart above that the cost of generating 1W has fallen below a dollar for the first time and is now or will soon be at grid parity (grid parity is the average cost of all inputs to the grid). Having reached grid parity the use of solar should soar and cost should fall further as more money is invested in the technology.
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