A new study has shown that joining the solar power club will soon be much cheaper. Costs to manufacture and install solar power are deterrents to its use today, but the report predicts solar power costs to drop to match the cost of getting electricity from a new coal power plant in the next Three Years!
The costs ranged from 10-12 cents per kilowatt-hour in Spain and all the way up to 18 cents in Southern Germany, with California in the middle at 13 cents. Although costs are dropping, increasing demand is keeping the cost of power high. While this might not be great for individual consumers, it keeps revenues high, allowing more expensive solar plants to be built.
With so much demand for clean energy, these sectors are bound to heat up with new business and investment.
written by Sera, May 22, 2008
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