
Very a bit has been said about the price tag of solar. Even I was turned off by the up-front expenses of amongst $ 20,000 and $ 26,000 to include panels to the roof of my house.
Nonetheless, new data demonstrate the price of electricity produced by the sun could shortly could value no a lot more or less than electricity from the grid, in accordance to a report touting Recovery Act investing introduced by Vice President Joe Biden this week.
“The cost of solar is forecast to reach grid parity over the subsequent 5 years in several components of the region,” the report explained, citing information from the U.S. Division of Electricity Solar Systems Plan. “This indicates homeowners, who shell out an typical retail cost of about ten cents for each kilowatt hour, or kWh, for electrical energy from the grid, and utility organizations, which have typical wholesale electricity costs nearer to five cents/kWh, can use solar power with no spending a premium above fossil-centered electrical energy.”
A lot depends on development of solar thin-film engineering, which arrives in two main varieties: cadmium telluride, or Cd-Te, and copper indium gallium selenide, or CIGS. The report, “The Recovery Act: Transforming the American Economy By way of Innovation,” explained this would lower existing costs for solar electrical power in 50 %.
Further price tag reductions are anticipated, they could consider a long time. Read more »


November 13th, 2011


