Is Solar Cheaper Than Electricity

Solar and onshore wind power are now the cheapest new sources of electricity in at least two thirds of the world s population further threatening the two fossil fuel stalwarts coal and.

Is solar cheaper than electricity.

The cost of this solar generated electricity at 22 00 per mwh is cheaper than the cost of electricity from our natural gas combined cycle plant at 29 53 per mwh. That makes them cheaper than new coal and gas plants in two thirds of the world according to bloombergnef. Solar power has become cheaper than grid electricity across china a development that could boost the prospects of industrial and commercial solar according to a new study. Clearly solar power is more cost effective than regular or standard electricity.

Many people ask when the cost of producing power from solar photovoltaic pv panels will be equal to or less than buying from the grid a point called grid parity that could accelerate solar. Since then prices have fallen and today solar power is cheaper than coal. In the past few years the industry surpassed this goal as solar and wind energy are now cheaper than fossil fuels in many areas. In the example i just gave the city of palo alto is buying subsidized electricity at 7 with an unsubsidized cost of 12 per kwh.

But what about the cost of going solar. The cost of energy under our solar contract is very attractive at a generation cost of about 22 00 per mwh. However that comparison doesn t even start to tell the whole story. It s really that.

According to the world economic forum wef installing new solar panels is cheaper than a comparable investment in coal natural gas or other fossil fuel options. The fact that our local service providers have made it easier for everyone even low income earners to buy airtime for as little as sh10 may make it look like airtime is cheaper than electricity. That s why i prefer to talk about unsubsidized solar parity when the consumer can buy solar electricity priced without subsidies for less than power from their utility. Solar got cheap said jenny chase an analyst at bnef.

This shift represents a substantial victory for green energy as it may offer the push the industry needs to. The national renewable energy laboratory this week said that rooftop solar panels have the potential to generate nearly 40 percent of electricity in the u s.