According to a report released today from the independent consulting firm Ernst & Young, the price of solar energy per watt is expected to fall to $1 by 2013, down from $2 in 2009. The association says in a recent report that the price per watt of solar energy is already down to $1.50 in 2011 and should continue to fall in the near future reflecting reductions in the cost of materials and advancements in efficiency. The report notes that though the price of solar power may be high right now, if governments around the world invest in the infrastructure to support solar power they will be ready to take full advantage of the sun’s energy by the time it becomes more affordable.
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Post tags: grid parity, how much does solar power cost, renewable energy cost, solar array cost, solar cell cost, solar energy cost, solar energy grid parity, solar energy per watt, solar panel cost, solar power cost, solar power per watt
