May 21, 2016

...AND CHEAPER...:

We're Inching Closer to Making Solar Power as Cheap as Regular Electricity : Driving down the cost of solar energy could create $400 billion in environmental and public-health gains. (Madeleine Thomas, 5/21/16, Pacific Standard)

It's been nearly five years since the Department of Energy rolled out plans to make solar power a cost-competitive electricity source by the end of the decade. Also known as the SunShot Initiative, the goal of the program is to drop the cost of solar power 75 percent by 2020. Once prices reach $0.06 per kilowatt-hour, solar power will officially become cost-competitive and could supply as much as 27 percent of the country's electricity by 2050 as more homeowners, businesses, and communities switch over. And, according to a new study published by researchers at the Lawrence Berkeley National Laboratory at University of California and the Department of Energy's National Renewable Energy Laboratory, solar power could also generate more than $400 billion in environmental and public-health gains by that year as well.

Posted by at May 21, 2016 6:26 AM

  

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