NewEnergyNews: Solar Prices Keep Getting Better

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY THINGS-TO-THINK-ABOUT WEDNESDAY, December 7:

  • TTTA Wednesday-ORIGINAL REPORTING: A Stakeholder-Driven Change In Thinking For Regulators
  • TTTA Wednesday-Linked Efficiency, Equity, Emissions Cutting Efforts Grow At The State Level
  • THE DAY BEFORE

  • Monday Study – California’s New Answer For Solar
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT WEDNESDAY, November 30:

  • TTTA Wednesday-ORIGINAL REPORTING: New Power System Approaches To Customer-Owned Generation
  • TTTA Wednesday-New Tax Credits For New Energy
  • THE DAY BEFORE THAT

  • Monday Study – The West’s Market Opportunity
  • THE LAST DAY UP HERE

  • Weekend Video: Ocean Wind On The Verge
  • Weekend Video: Big Funding To Long Duration Storage
  • Weekend Video: The Mighty Missip’ Runs Down
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • FRIDAY WORLD, December 9:
  • Global Climate Goal Rises To 1.7 C
  • Exploring The Potential Of Green H2

    Wednesday, September 28, 2022

    Solar Prices Keep Getting Better

    US installs record solar capacity as prices keep falling; It's often cheaper to build and run solar than to buy gas for an existing plant.

    John Timmer, September 21, 2022 (Ars Technica)

    “…The annual Energy Department analysis found solar energy was nearly half of new U.S. 2021 generating capacity partly] because costs have dropped by more than 75 percent since 2010…[and] it's now often cheaper to build and operate a solar plant than it is to simply buy fuel for an existing natural gas plant…[Incentives and tax breaks in the Inflation Reduction Act] should expand solar's advantages…[Over 12.5 gigawatts of new utility-scale capacity was built] last year, bringing the total installed capacity to over 50 gigawatts…

    Combined with residential and other distributed solar installations, solar alone accounted for 45 percent of the new generating capacity added to the grid last year…[The] expansion has largely been driven by falling costs…[T]he price of building a solar plant has been dropping by an average of about 10 percent a year…[Prices averaged] about $1.35 for each watt of capacity in 2021. Large-scale plants benefit the most, with projects over 50 megawatts costing about 20 percent less…

    …[It is] becoming increasingly economical to install large facilities in states that don't get as much sun…[making the median capacity factor of solar plants in the US was 24 percent…[With the drop in construction costs, solar’s LCOE without federal tax incentives has dropped 85 percent since 2010, from $230/MWh to $33 per MWh] and utility-scale and distributed solar growth is forecast to] triple by the end of the decade, reaching about 75 GW in 2030, and continuing to grow from there…” click here for more

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