Is Solar Energy Cheaper Than Electricity

Bill gates says wind solar.

Is solar energy cheaper than electricity. 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. Eia estimates say that amortized over their lifetime windmills generate electricity for a cost of just 10 cents a kwh on average on par with hydro and far cheaper than solar. It claims that solar installations in new mexico are at grid parity i e. In just 25 years china has gone from having no solar panels to 100 per cent more than any other country.

Take this article from renewable energy world last month. The cheapest way of producing electricity in spain is the sun jose dominguez abascal the nation s secretary of state for energy said last year. But what about the cost of going solar. 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 cost of solar is equivalent or less than the cost of grid electricity for schools that are buying solar electricity instead of electricity from the power company. 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.